What is the financial system in China?

According to the specific situation of China, China's financial system adopts indirect financing as the main financing mode, followed by direct financing, and adopts the host bank system (banks and enterprises sign agreements, and the host bank of the financial system should solve most reasonable capital needs of enterprises according to the credit principle, and supervise major financial activities of enterprises). The funds needed by enterprises mainly depend on bank loans. The development prospect is to pay equal attention to direct financing and indirect financing.

The situation of the financial system is that the capital market is underdeveloped, and the securities market of the financial system has just started on a small scale, and its functions have initially appeared. From now on, the financial system should actively develop the capital market, expand and standardize the securities market, and create an environment and conditions for the market and social supervision companies.

Brief introduction of financial institution system in China

According to the status and functions of China's financial institutions, the main systems are as follows:

1. Central Bank. The People's Bank of China is the central bank of China, which was established in June 1 948+February1. Under the leadership of the State Council, formulate and implement monetary policies, prevent and resolve financial risks, maintain financial stability, provide financial services, strengthen foreign exchange management, and support local economic development.

2. Financial regulators. The financial supervision institutions in China mainly include: China Banking Regulatory Commission (CBRC); China Securities Regulatory Commission, referred to as China Securities Regulatory Commission; China Insurance Regulatory Commission, hereinafter referred to as China Insurance Regulatory Commission.

3. State Administration of Foreign Exchange. Established in1March, 979 13, and then entrusted by the People's Bank of China; 1In April 1993, according to the institutional reform plan of the State Council approved by the first session of the Eighth National People's Congress and the Notice of the State Council on Establishing a State Bureau under the management of ministries and related issues, the State Administration of Foreign Exchange is the State Bureau under the management of the People's Bank of China, and it is an administrative organ that manages foreign exchange according to law.

4. Board of Supervisors of key state-owned financial institutions. The Board of Supervisors is sent by the State Council, responsible for the State Council, and supervises the asset quality of key state-owned financial institutions and the preservation and appreciation of state-owned assets on behalf of the state.

5. Policy financial institutions. The policy financial institutions in China include three policy banks: China Development Bank, China Agricultural Development Bank, Export-Import Bank and China Agricultural Development Bank. Policy banks are not for profit, and their business development is bound by the national economic policies and guided by the China People's Bank.

Commercial financial institutions. Commercial financial institutions in China include banking financial institutions, securities institutions and insurance institutions.