1, which provides a way for cross-time, cross-border and cross-industry transfer of economic resources.
2. The financial system provides a way to manage risks.
3. The financial system provides clearing and payment settlement channels to complete the transactions of goods, services and assets.
4. The financial system provides relevant mechanisms to reserve funds, buy an inseparable large enterprise, or divide the shares of a large enterprise among many owners.
5. The financial system provides price information to help coordinate the decision-making of different economic sectors.
6. When one party in a transaction has information that the other party does not have, or one party makes decisions for it as the agent of the other party, the financial system provides a solution to the incentive problem.
Tips: The above explanations are for reference only.
Reply time: 202 1-09- 18. Please refer to the latest business changes announced by Ping An Bank in official website.
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