Differences in bank types

Banks in Chinese mainland mainly include:

1, Central Bank

The central bank is the financial center structure of the country, which is responsible for formulating and implementing the national monetary and credit policies and regulating the national economic development. The central bank has the right to issue currency and implement financial supervision. There is only one central bank: the People's Bank of China.

2. Policy banks

Policy banks are non-profit professional financial institutions founded by the government, which implement the government's economic policies and carry out financial business in specific fields.

Including: China Development Bank, The Export-Import Bank of China, China Agricultural Development Bank, China Development Bank is the world's largest development financial institution, China's largest foreign investment and financing cooperative bank, China Long-term Credit Bank, and bond bank (20 15 was spun off from policy banks to become development financial institutions).

3. State-owned commercial banks

State-owned commercial banks are large commercial banks directly controlled by the state (Ministry of Finance and Central Huijin Company). Including China Industrial and Commercial Bank, China Agricultural Bank, China Bank, China Construction Bank, Bank of Communications and China Postal Savings Bank.

3. Joint stock commercial banks

Joint-stock commercial banks are owned by the public relative to state-owned commercial banks. Joint-stock commercial banks are joint-stock, and there are many investment funds in them. In other words, non-state-owned banks include China Merchants Bank, Shanghai Pudong Development Bank, China CITIC Bank, China Everbright Bank, Huaxia Bank, Minsheng Bank, China Guangfa Bank, Industrial Bank, Ping An Bank, Zheshang Bank, hengfeng bank and Bohai Bank.

4. City Commercial Banks

City commercial banks are a special group of banks in China, whose predecessor was the city credit cooperatives established in 1980s. Their business direction provides financial support for small and medium-sized enterprises and paves the way for connecting the local economy. Strictly speaking, city commercial banks are a kind of commercial banks!

5. Rural credit cooperatives

Rural credit cooperatives are rural cooperative financial institutions approved by the People's Bank of China and composed of members' shares. Their main task is to raise idle funds in rural areas and provide financial services for agriculture, farmers and rural economic development.

6. Rural commercial banks

Rural commercial banks are joint-stock local financial institutions composed of local farmers, rural industrial and commercial households, enterprise legal persons and other economic organizations.

7. Village banks

Village banks are banking financial institutions established in rural areas with the approval of China Banking Regulatory Commission, which are jointly funded by domestic and foreign financial institutions, domestic non-financial institutions, corporate legal persons and domestic natural persons. Their main duty is to provide financial services for local farmers, agriculture and rural economic development.

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