What is a commercial bank now

China's current banking system includes a central bank, policy banks and commercial banks, the central bank is the People's Bank of China, the policy banks are the Export-Import Bank of China, China Agricultural Development Bank, etc., and the other industrial, agricultural, Chinese and construction, China Merchants, Industrial Development Bank, Pudong Development Bank, etc., are commercial banks.

Commercial Bank (Commercial Bank), abbreviated as CB, the network is commonly harmonized as "store it", meaning storage bank. The concept of commercial bank is distinguished from the central bank and investment bank, is a profit-oriented, a variety of financial liabilities to raise funds, a variety of financial assets for the object of business, with credit creation function of financial institutions. General commercial banks do not have the right to issue currency, the traditional commercial bank's business is mainly concentrated in the operation of deposit and loan (lending) business, that is, borrowing deposits at a lower interest rate, lending at a higher interest rate, the interest rate difference between the deposit and loan is the main profit of the commercial bank. The main business scope of commercial banks includes taking deposits from the public, enterprises and institutions, granting loans, discounting bills and intermediate business. It is a savings institution rather than an investment institution.