The business scope of a financing guarantee company includes loan guarantee, trade financing guarantee, project financing guarantee and other financing guarantees, and the financing guarantee company may not entrust loans. The business scope of financing guarantee companies includes many intermediary services, such as bid guarantee, project performance annual report, final payment guarantee, etc.
Its nature is:
Financing guarantee companies need to establish and improve their management structure, rules of procedure, decision-making procedures and internal audit system. At the same time, it is necessary to establish a guarantee evaluation system, a post-event recovery system and a risk early warning system that conform to the principle of prudent operation, formulate standardized business operations and strengthen project management.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.