Trust company is a multilateral credit behavior based on trust entrustment, in the form of managing monetary funds and physical property, integrating financing and integration. It appears with the development of commodity economy. Trust business appeared in Britain in the18th century. Trust business mainly includes two aspects: entrustment and agency. The former means that the property owner entrusts his property to others for the benefit of himself or his designee, and requests to properly manage and operate it for a certain purpose; The latter refers to some economic affairs that one party authorizes the other party to handle on its behalf. A guarantee company is when an individual or enterprise borrows money from a bank. In order to reduce risks, banks do not lend directly to individuals, but require borrowers to find a third party (guarantee company or qualified individual) to provide credit guarantee for them. According to the requirements of the bank, the guarantee company will require the borrower to issue relevant qualification certificates for review, and then submit the audited materials to the bank, which will lend money after review, and the guarantee company will charge corresponding service fees. Finance companies, also known as finance companies, are non-bank institutions that provide financial services for enterprise technological transformation, new product development and product sales, focusing on medium and long-term financial services. Different countries have different names and different business contents. But most of them are subsidiaries of commercial banks, mainly absorbing deposits. China's financial companies are not affiliated institutions of commercial banks, but non-bank financial institutions affiliated to large groups.
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