Financing guarantee is an agreement reached between the guarantor and creditors such as banking financial institutions. When the guarantor fails to perform the financing debts owed to the creditors, the guarantor shall bear the guarantee responsibilities stipulated in the contract according to law. A financing guarantee company is a limited liability company and a joint stock limited company established according to law to operate financing guarantee business.
The main business scope includes: enterprise credit enhancement service, creation and trading of credit products, asset management, investment consulting, etc.
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Matters needing attention in setting up a financing guarantee company:
1. The main sponsors are allowed to be natural persons and enterprise legal persons. As a promoter, an enterprise as a legal person must be a company that has been established for three years and has been paying profit tax continuously in the last two years.
2. The business premises must pass the fire inspection of relevant departments, and can only be used if they are qualified.
3. The company must meet the requirements of the local Economic and Information Committee/Financial Office and SME Service Department.
4. The qualifications of financing guarantee companies are all local qualifications, and it is temporarily not supported to carry out guarantee business in the whole country. If the company has this requirement, it can operate in different places by opening branches in provinces and cities other than the place of registration.
Baidu encyclopedia-financing guarantee company
Baidu encyclopedia-China Bond Credit Promotion Investment Co., Ltd.