What are the financial institutions in China?

Divided according to the status and function of China's financial institutions, the main system is as follows:

1. Central Bank. The People's Bank of China is China's central bank, December 1, 1948 was established. Under the leadership of the State Council, it formulates and implements monetary policy, prevents and resolves financial risks, maintains financial stability, provides financial services, strengthens foreign exchange management and supports local economic development.

2, financial regulators. China's financial regulators are: China Banking Regulatory Commission, referred to as the China Banking Regulatory Commission; China Securities Regulatory Commission, referred to as the China Securities Regulatory Commission; China Insurance Regulatory Commission, referred to as the China Insurance Regulatory Commission.

3, the State Administration of Foreign Exchange. Founded on March 13, 1979, by the People's Bank of China; in April 1993, according to the Eighth National People's Congress approved the State Council institutional reform program and the "State Council on the ministries of the State Council on the setup of the State Bureau and its related issues," the State Administration of Foreign Exchange for the People's Bank of China management of the State Bureau, is the foreign exchange management of the administration in accordance with the law.

4. The Supervisory Board of State-owned Key Financial Institutions. The Supervisory Board is dispatched by the State Council and is responsible to the State Council for supervising, on behalf of the State, the quality of the assets of key state-owned financial institutions and the preservation and enhancement of the value of state-owned assets.

5. Policy financial institutions. China's policy financial institutions include three policy banks: the China Development Bank, the Export-Import Bank of China and the Agricultural Development Bank of China. Policy banks do not aim to make profits, and their business is subject to the constraints of national economic policy and the business guidance of the People's Bank of China.

6, commercial financial institutions. China's commercial financial institutions, including banking financial institutions, securities institutions and insurance institutions of three categories.

Banking financial institutions include commercial banks, credit cooperative institutions and non-bank financial institutions.

Securities institutions are organizations that provide intermediary services to securities market participants (such as financiers and investors), including securities companies, securities exchanges, securities registration and clearing companies, securities investment consulting firms, fund management companies and so on.

Insurance institutions refer to institutions specializing in insurance business, including state-owned insurance companies, joint-stock insurance companies and foreign insurance branches and Sino-foreign joint venture insurance companies engaged in insurance business in China.

Expanded Information

Emergence and Development

The earliest financial institution was the bank, which originated from the ancient silver money industry and money exchange industry, and the rules of money exchange industry were the forerunner of modern banking. Most of the ancient money and money-changing transactions took place around the temples and in the regular fairs that took place on a monthly basis in Western Europe during the Middle Ages. The money changers, who gradually separated from the merchant camp, initially exchanged money only for pilgrims and international trade in various countries and charged a fee for doing so.

With the continuous expansion and development of commodity production and exchange, in order to avoid the inconvenience and risk of keeping the currency by themselves and carrying it over long distances, some foreign traders and international traders entrusted the currency to money changers with good storage facilities and entrusted the latter to handle foreign payment and settlement business.

The modern sense of the bank originated in Italy during the Renaissance. At that time, the Mediterranean coastal countries and regions faster economic development, trade is also exceptionally active, in the center of the Mediterranean Sea, Italy has become the world's trade and financial center, produced the world's first bank. Since then, as the world's commercial trade and financial center gradually moved north to Amsterdam in the Netherlands, the banking industry expanded to other countries in northwestern Europe.

The growing sophistication of society, the continuous development of the market economy and its resulting diversified financial needs, contributed to the emergence and development of other financial institutions. Various kinds of professional banks, such as investment banks, real estate mortgage banks, export-import banks, etc. gradually appeared; trust and investment companies, securities companies, insurance companies, finance companies, pawnshops and other specialized financial institutions, also gradually appeared and played an important role in their respective fields.

Baidu Encyclopedia - Financial Institutions System

Baidu Encyclopedia - Financial System?