1. Absorb public deposits and issue loans;

2. Handling domestic and overseas settlement, bill discount and issuance of financial bonds;

3. Acting as an agent to issue, pay, underwrite and buy and sell government bonds;

4. Engage in interbank borrowing;

5. Acting for buying and selling foreign exchange;

6. Providing letter of credit services and guarantees;

7. Agency payment and insurance agency business, etc.

According to the regulations, commercial banks are not allowed to engage in securities business and non-bank financial business other than government bonds.

Extended data:

Business model of commercial banks:

1. From the development of commercial banks, commercial banks have two business models. One is the British model. Commercial banks mainly finance short-term commercial funds, which have the characteristics of short lending period and high liquidity. That is, borrowing deposits at a lower interest rate and lending them at a higher interest rate. The deposit-loan spread is the main profit of commercial banks. This business model is relatively safe and reliable for banks.

2. The other company is from Germany, and its business is comprehensive. Commercial banks not only finance short-term commercial funds, but also finance long-term fixed capital, that is, engage in investment banking business.

3. China implements a separate business model. for