all financial institutions except commercial banks and specialized banks. It mainly includes trust, securities, insurance, financial leasing and other institutions as well as rural credit cooperatives and finance companies.

Non-bank financial institutions come into being with the diversification of financial assets and the specialization of financial business. Most of the early non-bank financial institutions had close ties with commercial banks. In 1681, the world's first insurance company was established in Britain. Since the 197s, financial innovation activities have emerged continuously, and non-bank financial institutions have played a major role. < P > It has effectively promoted the diversification, targeting and securitization of financial business, making the business of various financial institutions increasingly integrated, the division between banking institutions and non-bank financial institutions becoming less and less obvious, and the business classification of non-bank financial institutions has also become increasingly integrated. The business between them crosses, but the proportion is different.

Extended information:

Trust and investment institutions are financial institutions that specialize in (or mainly handle) financial trust business. It is a form of organization entrusted by groups. 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, the economic communication is 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.

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