What is financial service?

This is an activity of financing valuable commodities. Financial service refers to the activities that financial institutions use currency transactions to finance valuable commodities and provide benefits and satisfaction for financial participants and customers. According to the contents of the annex of the World Trade Organization, the providers of financial services include the following types of institutions: insurance and related services, as well as all banks and other financial services (except insurance). In a broad sense, financial service means that the whole financial industry plays its multiple functions of promoting economic and social development. Specifically, financial services refer to various services provided by financial institutions to customers through business activities, including financing and investment, savings, credit, settlement, securities trading, commercial insurance, financial information consultation and so on. Strengthening the awareness of financial services and improving the level of financial services are of great significance for accelerating the construction of China's modern financial system, improving the management level of financial institutions, enhancing the competitiveness of the financial industry and better promoting economic and social development.