Banks are one of the financial institutions. Banks are divided into central banks, policy banks, commercial banks, investment banks and the World Bank, and their responsibilities are different.
Central Bank: That is, the People's Bank of China is the central bank of China. Responsibilities: A special financial institution that implements monetary policy, macro-controls the national economy, and supervises and manages financial institutions and even the financial industry.
Policy banks: including The Export-Import Bank of China, China Agricultural Development Bank and China Development Bank. Duties: Financial institutions that participate in or guarantee shares, engage in policy financing activities directly or indirectly in specific business areas for the purpose of implementing and cooperating with the government's social and economic policies or intentions, and act as tools for the government to develop economy, promote social progress and conduct macroeconomic management.
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: A financial institution that acts as a credit intermediary 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. Responsibilities: Non-bank financial institutions engaged in securities issuance, underwriting, trading, enterprise restructuring, merger and acquisition, investment analysis, venture capital, project financing and other businesses.
World Bank: It is used to help countries overcome poverty, and the missions of various institutions in alleviating poverty and improving living standards. Banks are money-handling enterprises, and their existence facilitates the financing and accommodation of social funds. They are very important members of financial institutions.
We can see the bank's business. On the one hand, it collects idle monetary funds and small monetary savings in the society by taking deposits, and then lends them to people who need to replenish money in the form of loans. Here, banks act as intermediaries between lenders and borrowers. Play a unique role in.