Classification of commercial banks

China's commercial bank classification:

1, the central bank: the central bank is the country's financial center structure, is responsible for the formulation and implementation of the national monetary and credit policy, regulating the country's economic development, the central bank has the right to issue currency, the implementation of financial supervision. There is only one central bank: the People's Bank of China.

2, policy banks policy banks are created by the government, the implementation of the government's economic policy, in specific areas of financial business, non-profit professional financial institutions.

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

4, joint-stock commercial banks: joint-stock commercial banks are relative to the state-owned commercial banks of the nature of public ownership, joint-stock commercial banks belong to the shareholding system, there are a lot of investment funds in it.

5, city commercial banks: city commercial banks is a special group of China's banking industry, the predecessor is the 1980s set up by the city credit union, business orientation for small and medium-sized enterprises to provide financial support for the local economy to build bridges and pave the way.

Expanded Information:

Commercial Bank (Commercial Bank), abbreviated as CB, is a type of bank, the duty is to pass deposits, loans, remittances, savings and other operations, financial institutions that undertake credit intermediation.

The main scope of business is to take deposits from the public, issue loans and discount bills. General commercial banks do not have the right to issue currency, and the traditional business of commercial banks mainly focuses on operating deposit and loan business.

Since August 1, 2014 there has been a conditional waiver of individual customer account management fees, annual fees and handling fees for pension off-site withdrawals, as well as a reduction in some of the fees. Individual interbank counter transfer and remittance handling fees are capped at a maximum of 50 yuan, and public interbank counter transfer and remittance handling fees are capped at 200 yuan.

Baidu Encyclopedia-Commercial Banks