What are the aspects of financial services?

Financial services refer to the business activities of financial insurance. Including loan services, direct charge financial services, insurance services and financial commodity transfer.

① loan service.

Loan refers to the business activities of lending funds to others to obtain interest income.

All kinds of income from occupying and borrowing funds, including interest (including capital preservation income, remuneration, capital occupation fee, compensation, etc.). During the holding period of financial commodities, the interest income from credit card overdraft, interest income from buying and selling financial commodities back, interest income from margin financing and securities lending, interest income from leaseback after financing, bill discount, lending and other businesses shall be subject to VAT according to the loan business.

Financing sale and leaseback refers to the business activities that the lessee sells assets to enterprises engaged in financing sale and leaseback business for the purpose of financing, and the enterprises engaged in financing sale and leaseback business lease assets to the lessee.

Fixed profits or guaranteed profits collected from monetary fund investment shall be subject to value-added tax according to loan services.

② Direct charging financial services.

Direct charge financial services refer to the business activities of providing related services and charging fees for financial services such as monetary financing. Including currency exchange, account management, electronic banking, credit card, letter of credit, financial guarantee, asset management, trust management, fund management, financial trading place (platform) management, fund settlement, capital settlement and financial payment.

③ Insurance services.

Insurance service refers to the commercial insurance behavior that the insured pays the insurance premium to the insurer according to the contract, and the insurer assumes the responsibility of paying the insurance premium for the property loss caused by the possible accident agreed in the contract, or when the insured dies, suffers from disability, illness or reaches the age and time limit agreed in the contract. Including life insurance services and property insurance services.

Personal insurance service refers to the insurance business activities with human life and body as the subject matter of insurance.

Property insurance service refers to insurance business activities with property and its related interests as the subject matter of insurance.

④ Transfer of financial commodities.

The transfer of financial commodities refers to the business activities of transferring the ownership of financial commodities such as foreign exchange, securities and non-commodity futures.

The transfer of other financial commodities includes the transfer of various asset management products such as funds, trusts and wealth management products and various financial derivatives.