Many people are interested in financial investment, but you should know that individuals can't buy financial products in China, and you must entrust a third-party financial institution to help you buy them. There are many types of financial institutions, including banks, securities, insurance, trusts and fund companies.

Detailed introduction of financial institutions

Financial institutions refer to financial intermediaries engaged in the financial industry and are part of the financial system. The financial industry includes banking, securities, insurance, trust, funds and other industries. Financial institutions 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. Therefore, there are many financial institutions and industries in China. Each organization has its own unique business.

Classification of financial institutions

According to its status and functions, it can be divided into four categories: the first category, the central bank, the central bank of China, namely the People's Bank of China. The second category is banking financial institutions. Including policy banks, commercial banks, rural banks, rural credit cooperatives and urban credit cooperatives. The third category is non-bank financial institutions. It mainly includes state-owned and joint-stock insurance companies, 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. Therefore, if you want to handle financial business, you can choose a financial institution and then handle it yourself.

In a word, there are many financial institutions in China, which are classified according to different functions. Many people especially trust banks. They think the bank is very reliable and there is no risk of running away. In fact, this understanding is also very correct. After all, banks are large state-owned enterprises with strong credibility.