Is China Investment and Financing Guarantee Co., Ltd. formal?

China Investment and Financing Guarantee Co., Ltd. is a regular company. China Investment and Financing Guarantee Co., Ltd. is one of the members of China Guarantee Industry Association. Founded in 1997, it was initiated by many financial institutions such as China People's Bank and China Banking Regulatory Commission, and it is one of the largest guarantee institutions in China. The business scope of the company includes guarantee, financing consultation, investment consultation and asset management. Because the company has the support and supervision of financial institutions, it can be considered as a formal company. Insurance refers to the process that the applicant signs an insurance contract with the insurance company (insurer) and pays the corresponding insurance premium according to the contract. The applicant can be a natural person or a legal person, and has corresponding capacity for civil rights and conduct, and has an insurable interest in the subject matter insured. When applying for insurance, the applicant needs to be clear about the subject matter of insurance, insurance amount, transportation route, means of transportation, sailing date, types of insurance and other information.