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What are the non-bank financial equity funds
1. Non-bank financial stock funds include Shenwanling Xinshenwan Securities Industry Classification, Penghua CSI 800 Non-bank Finance, E Fund CSI 300 Non-bank ETF, etc.

2. Non-bank financial intermediaries raise funds by issuing stocks, bonds, accepting credit entrustment and providing insurance. And transport the raised funds to financial institutions for long-term investment.

3. The difference between non-bank financial institutions and banks lies in the different forms of credit business, and the division of their business scope depends on the provisions of national financial laws and regulations. The role of non-bank financial institutions in the process of social capital flow is to buy primary securities from the ultimate borrower and issue indirect bonds for the ultimate lender to hold assets.