1. The approval procedures for establishment are different.
2. The business scope is different.
General guarantee companies can only carry out litigation preservation guarantee, bid guarantee, advance payment guarantee, project performance guarantee and guarantee business related to financing consultation, and are allowed to invest with their own funds. In addition to the above business scope, financing guarantee companies also include financing guarantee business such as loan guarantee.
3. The restrictions on the number of employees are different.
General guarantee companies can recruit people as long as they meet the relevant provisions of the Company Law. However, financing guarantee companies must improve the rules of procedure, decision-making procedures and internal audit system, establish a guarantee evaluation system, a post-event recovery and handling system that conforms to the principle of prudent operation, and have corresponding requirements for their managers.
4. Different levels of supervision.
General guarantee companies do not have strict regulatory requirements, but there are strict regulatory procedures for financing guarantee companies, and supervision can be seen everywhere, involving establishment, change and operation.
Legal basis: Article 13 of the Criminal Law of People's Republic of China (PRC) stipulates that all acts that endanger the sovereignty, territorial integrity and security of the country, split the country, subvert the people's democratic dictatorship and the socialist system, disrupt the social and economic order, infringe on state-owned property or property collectively owned by working people, infringe on citizens' private property, infringe on citizens' personal rights, democratic rights and other rights, and other acts that endanger society shall be punished according to law.