What are the main types of bank financial institutions?

The main types of banking financial institutions are policy banks, commercial banks, village banks, rural credit cooperatives and urban credit cooperatives. Policy banks do not aim at making profits, but directly or indirectly engage in policy financing activities in specific business areas to implement and cooperate with the government's social and economic policies or intentions, and serve as a tool for the government to develop the economy, promote social progress and conduct macroeconomic management.

A commercial bank is a kind of bank, and its duty is to act as a credit intermediary for financial institutions through deposits, loans, remittances and savings. The main business scope is to absorb public deposits, issue loans and discount bills.

Village banks refer to banking financial institutions established in rural areas with the approval of China Banking Insurance Regulatory Commission in accordance with relevant laws and regulations, and funded by domestic and foreign financial institutions, domestic non-financial institutions, corporate legal persons and domestic natural persons, which mainly provide financial services for local farmers, agriculture and rural economic development.

Rural credit cooperatives refer to rural cooperative financial institutions established with the approval of the People's Bank of China, which are composed of members' shares and mainly provide financial services for members. Its main task is to raise idle funds in rural areas and provide financial services for agriculture, farmers and rural economic development.