There are two main types of guarantee companies: financing type and non-financing type. Details are as follows: The business scope of financing guarantee companies is: (1) Loan guarantee. (2) Bill acceptance guarantee. (3) Trade financing guarantee. (4) Project financing guarantee. (5) letter of credit guarantee. (6) Other financing guarantee businesses (with the approval of the regulatory authorities, some non-financing guarantee businesses can be operated). Business scope of non-financing guarantee company: (1) litigation preservation guarantee. (2) Performance guarantee services such as bid guarantee, advance payment guarantee, project performance guarantee and final payment guarantee. (3) raw material credit guarantee, equipment installment guarantee, property preservation guarantee, lease contract guarantee and other contract guarantees. (4) Intermediary services such as financing consultation and financial consultancy related to the guarantee business.
Legal objectivity:
According to Article 387 of the General Principles of the Civil Law, if a creditor needs security in order to guarantee the realization of his creditor's rights in civil activities such as borrowing, buying and selling, he may establish a security interest in accordance with the provisions of this law and other laws. If a third party provides a guarantee for the debtor to the creditor, it may require the debtor to provide a counter-guarantee. The provisions of this law and other laws shall apply to counter-guarantee.