1, as a credit intermediary, to promote financial intermediation. The most basic function of financial intermediary is to realize the financing between borrowers through indirect financing.
2. Act as a payment intermediary to promote payment settlement. For customers, the modern payment system can complete the transfer of fund receipt and payment or the creditor-debtor relationship formed by the settlement transaction, which improves the payment efficiency.
3. Provide financial services to reduce transaction costs. Reduce the cost of search and verification, supervision and audit, risk management and participation of both parties to the fund supply; At the same time, financial intermediaries use specialized technology to provide various services at low cost.
4. Solve the problem of information asymmetry and prevent adverse selection and moral hazard. Information asymmetry means that both parties have different information. The consequences of information asymmetry are adverse selection and moral hazard, which can be effectively prevented by financial intermediaries.
5. Transfer and disperse financial risks.
Financial intermediaries are generally composed of bank financial intermediaries and non-bank financial intermediaries, including commercial banks, securities companies, insurance companies and information consulting services. Finance is the core of modern economy.
In modern market economy, financial activities are closely related to economic operation. The scope and quality of financial activities directly affect the performance of economic activities. Almost all financial activities are centered on financial intermediaries, so financial intermediaries occupy a very important position in economic activities.