Bank of Beijing Tianzhu Branch

Bank of Beijing Co., Ltd. Tianzhu Branch was established on June 10, 1988. Its registered address is the first floor of Tianyun Pavilion, Tianzhu Garden, Tianzhu District, Shunyi City, Beijing. , legal representative Yang Chen. The business scope includes handling RMB deposits, loans, and settlement services; handling bill discounts; agency issuance of bonds; agency issuance, agency cashing, and sales of government bonds; agency collection and payment; foreign exchange deposits; foreign exchange remittances; foreign currency exchange; business authorized by your bank in Within the business scope approved by the China Banking Regulatory Commission. (Market entities independently select business projects and carry out business activities in accordance with the law; projects that must be approved in accordance with the law, after approval by the relevant departments, carry out business activities in accordance with the approved content; they are not allowed to engage in project experience activities that are prohibited and restricted by national and municipal industrial policies.

Banks are the product of the development of commodity currency economy to a certain stage. They are financial institutions established in accordance with the law to engage in currency and credit business. Banks are divided into central banks, policy banks, commercial banks, and investment banks. Their responsibilities are different from those of the World Bank. The People's Bank of China is China's central bank.

First, commercial banks act as "middlemen" between borrowers and lenders. Concentrating all kinds of idle funds in society) and asset business (investing concentrated idle funds into various departments of the national economy that need funds), realizing capital financing, and adjusting economic structure and operating processes. This is the most basic function of commercial banks and the best expression of it. The basic characteristic functions of commercial banks.

The second is the payment intermediary function. Commercial banks act as agents for the custody, cashier and payment of funds by enterprises, institutions and individuals, and make payments on their behalf by transferring deposits to customers’ accounts; On the basis of deposits, the two functions of payment intermediary and credit intermediary promote each other and constitute commercial bank loans. The overall operation of funds.

The third is the function of credit creation. Commercial banks circulate liabilities as currency and convert loans into deposits based on check circulation and transfer settlement. When deposits are fully mentioned, the source of funds of commercial banks is formed to form derivative deposits that are several times the original deposits. The essence of credit creation is to create circulation instruments, not to create capital. Fourth, the financial service function is to adapt to economic development. With the advancement of science and technology, commercial banks must not only open up financial services, but also promote the expansion of asset-liability business and realize the organic integration of asset-liability business and financial services, such as paying wages, providing letter of credit services, paying other fees, and processing credit card financial services. Function has gradually become an important function of commercial banks.