The financial institution code refers to an institution code assigned by the company's credit information system to mortgage institutions. The code consists of four digits, which is the only symbol for financial institutions to engage in domestic financial business. The financial institution codes of all branches of financial institutions are consistent with those of the head office, and the financial institution codes are uniformly compiled and issued by the International Administration of Foreign Exchange.

What is a financial institution?

Financial institutions refer to financial intermediaries engaged in the financial industry and are part of the financial system, including banks, securities, insurance, trusts, funds and other industries.

Financial institutions include banks, insurance companies and fund management companies. It also refers to lending institutions, companies that provide loans to customers to reverse their financial situation. Its interest rate is higher than the bank's interest rate, but it is easier for customers to borrow money because there is no need for complicated documents.