Set up branches at the provincial level. Mainly responsible for the business planning and administrative management of the branches under the jurisdiction of the province. The functions of branches are consistent with the services provided by the head office, providing banking activities such as deposit and withdrawal, loans and so on for bank users, and meeting the daily needs of users living far from the main outlets of banks. Many large and medium-sized banks set up branches to expand their services to communities, states or countries in different locations. The services provided by branches are cheaper, faster and more convenient to operate, and customers are easier to visit. It is very common to open branches in prime bank. Banks are one of the financial institutions. Banks are divided into central banks, policy banks, commercial banks, investment banks and the World Bank, with different responsibilities.
Policy banks: including The Export-Import Bank of China, China Agricultural Development Bank and China National Development Bank. Responsibilities: Financial institutions that participate in or guarantee shares, engage in policy financing activities directly or indirectly in specific business areas for non-profit purposes, and serve as tools for the government to develop the economy, promote social progress and conduct macroeconomic management. Central Bank: China People's Bank is the central bank of China. Responsibilities: Implement monetary policy, macro-control the national economy, supervise and manage financial institutions and even specialized financial institutions in the financial industry. Commercial banks: including China Industrial and Commercial Bank, China Agricultural Bank, China Bank, China Construction Bank, China Postal Savings Bank and Bank of Communications. Responsibilities: Financial institutions that act as credit intermediaries through deposits, loans, remittances and savings. Commercial banks are one of the most important financial institutions, and their main business scope includes absorbing public deposits, issuing loans and discounting bills. Investment banks: including Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo, Societe Generale, etc.