What industries does the financial industry include?

The financial industry includes banking, insurance, trust, securities and leasing. Financial industry refers to banks and related fund cooperatives, as well as insurance industry. Except for industrial economic activities, all other economic-related activities are financial industry. Finance is a discipline that studies value judgments and laws.

It mainly includes traditional financial theory and evolutionary financial theory. Mankind has entered the financial age and society. So finance is everywhere, forming a huge system. The scope, branches and contents of finance are very extensive, such as currency, securities, banking, insurance, capital market, derivative securities, investment and wealth management, various funds (private placement and public offering), balance of payments, financial management, trade finance, real estate finance, foreign exchange management, risk management and so on.

Extended data:

Financial companies (also known as financial companies) are extremely important financial institutions in western countries. Its financing mainly depends on issuing commercial paper in the money market and issuing stocks and bonds in the capital market; They also borrowed money from banks, but the proportion was very small. Financial companies have different functions from general long-term investment companies. The former mainly meets the needs of industrial and commercial enterprises for long-term funds, while the latter mainly focuses on small and scattered monetary funds for securities investment.

The collected funds are used to provide loans to consumers and small businesses who buy durable consumer goods and repair houses. Financial companies are divided into three categories: sales finance companies, consumer finance companies and industrial and commercial finance companies. Some financial companies are formed by parent companies to help promote their products. For example, Ford Motor Credit Company, established by Ford Motor Company, provides consumer credit to consumers who buy Ford cars.

References:

Baidu encyclopedia of financial industry