The main body of the financial company is in China. A finance company refers to a non-bank institution established in accordance with the Company Law and the Measures for the Administration of Finance Companies of Enterprise Groups, which provides financial services for the technical transformation, new product development and product sales of the member units of enterprise groups, and mainly focuses on medium and long-term financial business.
Internationally, financial companies can generally be divided into enterprise-affiliated financial companies and non-enterprise-affiliated financial companies. Financial companies affiliated to enterprises are established by enterprises (mainly large manufacturing enterprises) to serve their own enterprises, but their service scope is not necessarily completely limited to their own enterprises. Non-enterprise affiliated financial companies include bank affiliated financial companies, bank-enterprise joint venture financial companies and independent financial companies. Financial companies affiliated to banks are controlled by banks, which are established to avoid supervision, realize financial innovation and make up for the shortcomings of banks, and also provide financial services for enterprises and individuals. Bank-enterprise joint venture financial company is established by banks and enterprises to avoid supervision or promote financial innovation by combining industry with finance, providing financial services for enterprises and individuals. Independent financial companies are generally financial companies without parent companies, which are relatively small and flexible and provide financing services in a certain aspect.
The business scope of the finance company absorbs time deposits of member units for more than 3 months.
Issue financial company bonds.
Inter-bank lending
Handle loans and financial leasing for member units.
Handle consumer credit, buyer's credit and financial leasing of products of group members.
Handle the acceptance and discount of commercial bills of member units.
Handle entrusted loans and entrusted investments of member units.
Equity investment in securities, financial institutions and member units.
Underwriting corporate bonds of member units.
Handle financial consultancy, credit certification and other consulting agency business for member units.
Provide guarantee for member units.
Overseas foreign exchange loans.
Other businesses approved by the People's Bank of China.
In terms of service objects, as China's financial companies are all affiliated financial companies, China's financial companies are generally dominated by parent companies and shareholder units, but they also provide financial services to other enterprises and individuals.
The rise of financial companies The rise of financial companies in the early 20th century, there are two main types: the American model and the British model.
1. American model finance company is a non-bank financial institution characterized by invigorating commodity circulation and promoting commodity sales. It belongs to manufacturers and is a controlled subsidiary established by some large durable consumer goods manufacturers to promote their products. This kind of financial companies mainly provide financing services for retailers, mainly distributed in the United States, Canada and Germany. At present, the total industrial assets of American finance companies exceed $800 billion, and the financial services of finance companies in the circulation field involve almost all goods from automobiles, household appliances, houses to various industrial equipment, which has played a very important role in promoting the circulation of goods.
2. The British financial companies are basically attached to commercial banks, and their purpose is to evade the government's supervision of commercial banks. Because the government expressly stipulates that commercial banks are not allowed to engage in securities investment business and financial companies are not banks, they are not subject to this restriction. This kind of financial companies are mainly distributed in Britain, Japan and Hong Kong.
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