Financing guarantee companies belong to local financial industry, while non-financing guarantee companies belong to service industry.
Non-financing guarantee companies mainly serve the guaranteed party, do not cooperate with financial institutions, and only provide guarantees for the guaranteed party with their own strength. Therefore, they should belong to the service industry.
2. Financial industry refers to banks and related fund cooperatives, as well as insurance industry. Except for industrial economic activities, all other economic-related activities are financial industry. Financial industry refers to a special industry dealing in financial commodities, including banking, insurance, trust, securities and leasing.
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