Xiangxi Changhang Rural Bank is a state-owned commercial bank. Xiangxi Changhang Rural Bank was established in December 2010. It was approved by the China Banking Regulatory Commission and is controlled by Changsha Bank and Jishou Water Supply Corporation. It is the first state-controlled prefecture-level village bank in the country established with joint investment from eight legal entities, with a registered capital of 200 million yuan. Since its establishment four years ago, our bank has firmly grasped the development opportunities brought by the Western Development and financial support for the construction of new rural areas, and adhered to the market positioning of “serving rural areas and farmers, serving small and medium-sized enterprises, and serving residents”. In view of the "short, frequent and urgent" characteristics of small and micro enterprises' capital needs, open up a "green channel" for small and micro enterprises, simplify the approval process, realize standardized and streamlined loan review for small and micro enterprises, further improve the credit management model, and improve credit approval efficiency, and strive to be a “credit factory” for small and micro enterprises. Strive to contribute to the economic development of Western Hunan. At present, our bank has branches covering seven counties and one city across the state, with 222 employees, total assets of more than 3.4 billion yuan, deposit balance of 3.2 billion yuan, cumulative loans issued of 4 billion yuan, and cumulative profits of more than 100 million yuan.

Commercial Bank, abbreviated as CB in English, is a type of bank. It is a financial institution that acts as a credit intermediary through deposits, loans, exchange, savings and other businesses. The main business scope is to absorb public deposits, grant loans and handle bill discounts, etc. General commercial banks do not have the right to issue currency, and their traditional business mainly focuses on deposits and loans.

Effective from August 1, 2014, personal customer account management fees, annual fees and pension off-site withdrawal fees will be conditionally waived, and some charging standards will be reduced. The handling fee for individual inter-bank over-the-counter transfers and remittances is capped at 50 yuan, and the handling fee for corporate inter-bank over-the-counter transfers and remittances is capped at 200 yuan.

According to the provisions of the "Law of the People's Republic of China on Commercial Banks", Chinese commercial banks can engage in the following businesses: absorb public deposits, grant loans; handle domestic and foreign settlements, bill discounts, and issue financial bonds; Act as an agent for the issuance, redemption and underwriting of government bonds, buy and sell government bonds; engage in inter-bank lending; buy and sell foreign exchange as an agent; provide letter of credit services and guarantees; act as an agent for collection and payment and insurance business, etc. According to regulations, commercial banks are not allowed to engage in securities business and non-bank financial business other than government bonds.

Although commercial banks in various countries have different organizational forms, names, business contents and focuses, their main businesses are generally divided into liability business, asset business and off-balance sheet business. With the development of internationalization of the banking industry, these domestic businesses can also be extended to international businesses.