1. Four state-owned banks: China Bank, China Construction Bank, China Industrial and Commercial Bank and China Agricultural Bank.
2. Joint-stock banks: Shanghai Pudong Development Bank, China Guangfa Bank, China Merchants Bank, Bank of Communications, Industrial Bank, China Minsheng Bank, China CITIC Bank and bank of qinghai.
bank
Banks are legally established financial institutions engaged in money and credit business. It is the product of the development of commodity currency economy to a certain stage.
Banks are one of the financial institutions. Banks are divided into central banks, policy banks, commercial banks, investment banks and the World Bank, with different responsibilities.
1. Central Bank: China People's Bank is the central bank of China. Responsibilities: Implement monetary policy, macro-control the national economy, supervise and manage financial institutions and even specialized financial institutions in the financial industry.
2. Policy banks: including The Export-Import Bank of China, China Agricultural Development Bank and China National Development Bank. Responsibilities: Financial institutions that participate in or guarantee shares, engage in policy financing activities directly or indirectly in specific business areas for non-profit purposes, and serve as tools for the government to develop the economy, promote social progress and conduct macroeconomic management.
3. Commercial banks: including China Industrial and Commercial Bank, China Agricultural Bank, China Bank, China Construction Bank, China Postal Savings Bank and Bank of Communications. Responsibilities: Financial institutions that act as credit intermediaries through deposits, loans, remittances and savings. Commercial banks are one of the most important financial institutions, and their main business scope includes absorbing public deposits, issuing loans and discounting bills.
4. Investment banks: including Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo, Societe Generale and other responsibilities: non-bank financial institutions engaged in securities issuance, underwriting, trading, corporate restructuring, mergers and acquisitions, investment analysis, venture capital, project financing and other businesses.
5. World Bank: It is used to help countries overcome poverty. Various institutions play a unique role in the mission of alleviating poverty and improving living standards.