Third Financing Channel: Interpreting Modern Commercial Credit: Interpreting Modern Commercial Credit

Author: Lin Jiaqi
Publisher:
Publish Date: 2002-09-01
Features: In modern economic life, commercial credit plays multiple important roles, including stabilizing markets, optimizing resource allocation, providing tools for economic regulation, reducing transaction costs, improving transaction efficiency, discovering prices, mitigating transaction risks, promoting sales, and regulating business operators' behavior. It offers people the ways to gather wealth, use wealth, and generate wealth. In Western countries, commercial credit has become the third financing channel alongside securities financing and bank credit financing.