What Are Nonbank Banks?

Non-bank financial intermediaries raise funds in the form of issuing stocks and bonds, accepting credit entrustments, providing insurance, etc., and applying the raised funds to long-term financial institutions.

Non-bank financial institution

Non-bank financial intermediaries to issue shares and
Non-bank financial intermediaries, except
Order of the China Banking Regulatory Commission, No. 13 of 2007, "Implementation Measures for Administrative Licensing of Non-bank Financial Institutions of the China Banking Regulatory Commission" was adopted at the 59th Chairman's Meeting of the China Banking Regulatory Commission . Announced now, effective from the date of announcement. The law consists of seven chapters and 143 articles. [10]

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