2. Financial institutions refer to financial intermediaries engaged in financial services and are part of the financial system. Financial services (banking, securities, insurance, trust, funds, etc.). Correspondingly, financial intermediaries also include banks, securities companies, insurance companies, trust and investment companies and fund management companies. At the same time, it also refers to lending institutions, which provide loans to companies with financial turnover to customers. The interest rate is relatively higher than that of banks, but it is more convenient for customers to borrow because they do not need complicated documents to prove it.

According to different standards, financial institutions can be divided into different types:

1, divided into four categories according to status and function:

First, the central bank. The central bank in China is the People's Bank of China.

The second category is banks. Including policy banks, commercial banks and village banks.

The third category is non-bank financial institutions. It mainly includes state-owned and joint-stock insurance companies, urban credit cooperatives, securities companies (investment banks), finance companies and third-party wealth management companies.

The fourth category is foreign-funded, overseas Chinese-funded and Sino-foreign joint venture financial institutions established in China.

2. According to the operating conditions of financial institutions, they can be divided into financial supervision institutions and supervised financial enterprises. For example, the People's Bank of China, China Banking Regulatory Commission, China Insurance Regulatory Commission and China Securities Regulatory Commission are institutions that exercise financial supervision power on behalf of the state, and all other financial enterprises such as banks, securities companies and insurance companies must accept their supervision and management.

3. According to whether it can accept public deposits, it can be divided into deposit financial institutions and non-deposit financial institutions. Deposit financial institutions mainly borrow from the public in the form of deposits, such as commercial banks, savings and loan associations, cooperative savings banks and credit cooperatives. Insurance companies, trust financial institutions, policy banks, securities companies, finance companies and other non-deposit financial institutions are not allowed to absorb public savings deposits.