Non-bank financial institutions refer to financial institutions approved by the People's Bank of China, China Securities Regulatory Commission, China Banking Regulatory Commission and China Insurance Regulatory Commission, generally including Public Offering of Fund, private equity funds, pawn shops, guarantee companies and microfinance companies. This kind of institutions have flexible lending and convenient procedures, which meet the requirements of quick financing for small and medium-sized enterprises.
Public offering fund: a fund management company that raises funds from the public.
Private equity fund: a fund management company that raises funds from qualified investors.
Trust and investment institutions: financial institutions specializing in (or mainly handling) financial trust business. It is an organizational form of group entrustment. The emergence of trust institutions is from individual trust to group trust. Under the condition of commodity economy, the social division of labor is more and more detailed, economic exchanges are more and more, and the relationship between personnel and business is more and more complicated. In order to effectively manage and deal with property and economic affairs beyond their power, people need special trust institutions to serve them. The important types of trust institutions are: trust and investment companies, trust banks, trust merchants, bank trust departments and so on. Securities institution: a financial institution specialized in (or mainly engaged in) securities business. Securities institutions have grown up with the development of the securities market. There are mainly stock exchanges, securities companies, securities investment trust companies, securities investment funds, securities finance companies, credit evaluation companies and securities investment consulting companies.
Cooperative financial institutions: Cooperative finance has a long history and plays an important role in the financial system. There are mainly rural credit cooperatives, urban credit cooperatives, labor treasury, postal savings institutions, savings credit cooperatives and so on.
Insurance institutions: mainly insurance companies, State Insurance Regulatory Bureau, mutual insurance institutions, insurance cooperatives and individual insurance organizations.
Financial leasing institutions: leasing companies or leasing business departments invested and managed by commercial banks, and leasing companies affiliated with manufacturers or distributors.
Finance company: Also known as finance company, different countries have different names and different business contents. But most of them are subsidiaries of commercial banks, mainly absorbing deposits.