What are the classifications of financial institutions in China?

Central bank, policy banks, commercial banks, non-bank financial institutions, foreign-funded financial institutions in China, etc.

1, Central Bank

The central bank is the dominant financial center of the country and an important tool for the state to intervene and regulate the development of the national economy. Responsible for the formulation and implementation of national monetary and credit policies, with unique currency issuance rights and financial supervision rights. The central bank of China is the People's Bank of China.

2. Policy banks

Policy lender/non-commercial bank refers to a non-profit professional financial institution founded by the government with the goal of implementing the government's economic policies and conducting financial business in specific fields.

There are China Development Bank, China Agricultural Development Bank, The Export-Import Bank of China and China.

3. Commercial banks

CommercialBank, abbreviated as CB in English, is a kind of bank, whose 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.

There are China Industrial and Commercial Bank, China Agricultural Bank and China Bank.

4. Non-bank financial institutions

Non-bank financial institutions? (Non-bank financial intermediaries) Financial institutions that raise funds by issuing stocks, bonds, accepting credit entrustment and providing insurance. And will raise funds for long-term investment.

It mainly includes insurance companies, securities companies, trust and investment companies, financial leasing companies, fund management companies, futures companies, finance companies and financial asset management companies.

5. Foreign financial institutions in China

Domestic foreign-funded financial institutions refer to foreign-funded financial institutions established in China, as follows:

First, foreign financial institutions set up representative offices in China. The work scope of the representative office of foreign-funded financial institutions in China is to carry out non-profit activities such as work negotiation, liaison, consultation and service, and shall not engage in any profit-making business at any time. Setting up a representative office in China is a necessary step for foreign banks to enter China. 1979 the export-import bank of Japan set up the first representative office of a foreign-funded bank in the background.

Second, business branches established by foreign financial institutions in China. This includes wholly foreign-owned banks, branches of foreign banks, joint venture banks, wholly foreign-owned financial companies and joint venture financial companies.