Banking financial institutions can use their own funds to buy and sell government bonds and financial bonds. Unless otherwise stipulated by the state, it is forbidden to engage in trust investment and securities business in People's Republic of China (PRC), and it is forbidden to invest in non-self-use real estate and non-bank financial institutions and enterprises.
Wholly foreign-funded banks and Chinese-foreign equity joint banks can buy and sell government bonds, financial bonds and other foreign currency securities other than stocks. Stocks passively held by banking financial institutions due to the disposal of loan pledged assets can only be sold in one direction.
Commercial banks can provide comprehensive financial services to individual customers, sell financial plans to specific target customers, accept the entrustment and authorization of customers, and conduct investment and asset management according to the investment plans and methods agreed with customers in advance.