1. Collateral (pledge) guarantee: it shall be implemented in accordance with the relevant regulations of Bank of China on personal investment and commercial loans.
2. Guarantee by professional guarantee company: China Bank has access to professional guarantee company to provide irrevocable joint and complete liability guarantee.
3. Joint guarantee: Industry members with strong economic strength and good personal reputation form a "joint guarantee group", sign a joint guarantee agreement and undertake joint and several liability guarantee. Among them, each joint guarantee member can be both a borrower and a guarantor, and meet the following conditions:
(1) The joint guarantee agreement shall specify the borrowing method and the responsibilities of the borrower and guarantor.
(2) the joint guarantee must be carried out in units of "households" with no less than 3 members. Generally, "households" take households as the unit and adopt the mode of multi-household joint contracting, taking the projects they operate as the unit. If family property is involved as collateral property, the consent of the spouse should also be obtained.
(3) The domicile or main business premises of the UNPROFOR members should be relatively concentrated.
(Answer time: March 2024 18)
The above contents are for your reference. Please refer to the actual business regulations.
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