Non Bank

Views Updated: Dec 15, 2025

Abbreviation

Pronunciation

/nɑn bæŋk/

A letter of duty guarantee as issued by a bank or a non bank financial institution shall be of the mode of joint liability guarantee.
The shadow banking system, refers to the non bank financial system which is free of the policy supervision, but playing with the commercial bank the same function. Financial institutions and government departments jointly promote the development of shadow banks.
It is suggested to establish an industrial investment funds of Chinese medicine, and to make it become a profession, a civil non bank financial organization which provides investment and finance for Chinese medicine, to prompt a great development of the industrial economy of Chinese medicine.
Speeding up the development of the small non - bank associations;
Credit card is a payment tool of commercial bank or non - bank financial organization provides functions like consuming a letter loan to its customer, transfering balance of accounts and depositing and paying cash and so on. Consumer credit is the basic function of credit card.

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