What are the commercial banks?

I believe everyone knows something about the major banks in China, but most people can't completely break them down. Let's see what commercial banks have.

What are the commercial banks

Commercial banks are mainly divided into: (1), state-owned commercial banks, including: industry, agriculture, China and construction; (2) Joint-stock commercial banks: including Bank of Communications, CITIC Industry, China Everbright, Minsheng, Pudong Development Bank, Shenzhen Development Bank, Guangfa, Xingye and Huaxia. (3) Local commercial banks: regional commercial banks established by local cities on the basis of the original urban credit cooperatives, such as Taiyuan Commercial Bank and Yantai Housing Savings Bank. Larger banks include Bank of Beijing and Bank of Shanghai.

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. General commercial banks do not have the right to issue money, and the traditional business of commercial banks is mainly deposits and loans.

Generally speaking, commercial banks are mainly divided into state-owned commercial banks, joint-stock commercial banks and joint-stock commercial banks. You got it?