The rural credit cooperatives, belonging to bank-type financial institutions, can be directly regarded as banks. Securities companies, as anyone who has ever played the stock market knows, are needed to buy stocks. Trusts, which have a broader scope, can be considered as one of the investment channels besides banks and securities companies, involving things like the private equity funds that Zhong Qiaohui's grandfather was involved in, which fall under the category of a trust.
Now in the finance market, these three channels intersect, all involving financial products.
So it's no wonder that Gu's mom and dad couldn't understand why Zhang Sanfeng was asking these questions, and then, after Xiaozang took out the company's business license, Gu's mom and dad thought that the matter was settled.
Wasn't it? With the business registration, it had to be legitimate, not falling into the category of illegal fundraising or usury.
