The following are some major areas of the financial industry:
1. Banking: Banks are the core of the financial industry and provide basic financial services, such as deposits, loans, remittances, credit cards and checks. Banks provide financial support for individuals and enterprises by absorbing deposits and issuing loans.
2. Securities industry: The securities industry includes trading, issuance and underwriting of stocks, bonds, futures, options and other securities. Securities companies provide customers with investment consulting, asset management, securities underwriting and other services to help investors realize the preservation and appreciation of assets.
3. Insurance industry: The insurance industry provides various insurance products, such as life insurance, health insurance and property insurance, to help customers avoid potential risks and losses. Insurance companies set up insurance funds by collecting premiums to compensate customers who have suffered losses.
4. Fund industry: The fund industry includes Public Offering of Fund and private equity funds. By raising funds, professional fund management companies conduct investment management to provide investors with investment returns.
5. Trust industry: Trust industry is a special financial service. Trust companies accept clients' entrustment to manage, use and dispose of property for clients in order to achieve their specific purposes.
6. Internet finance: Internet finance is a new financial service with the development of Internet technology, including online banking, person-to-person loans and online crowdfunding. Internet finance is favored by more and more people because of its high efficiency, convenience and low cost.
The development of financial industry is of great significance to the stability and development of a country and even the global economy. By providing diversified financial services, the financial industry promotes financial intermediation, reduces transaction costs and improves the efficiency of resource allocation, thus promoting economic growth and social progress.