In July 2004, China Banking Regulatory Commission promulgated the Measures for the Administration of Finance Companies of Enterprise Groups, which stipulated that the main businesses of finance companies of enterprise groups in China are: (1) providing financial and financing consulting, credit certification and related consulting and agency services for member units; (2) Assist member units to realize the receipt and payment of transaction funds; (3) Approved insurance agency business; (four) to provide guarantees for member units; (5) Handling entrusted loans and entrusted investments between member units; (6) Handling bill acceptance and discount for member companies; (7) Handling internal transfer settlement between member units, corresponding settlement and liquidation plan design; (eight) to absorb the deposits of member units. (nine) to handle loans and financial leasing for member units; (10) engaged in interbank lending; (1 1) Other businesses approved by China Banking Regulatory Commission.