The supervisory units of banks are the China Banking Regulatory Commission and local banking regulatory bureaus. The CBRC mainly examines and approves the establishment, change, termination and business scope of banking financial institutions in accordance with the conditions and procedures stipulated in laws and administrative regulations.

Legal basis: "Law of the People's Republic of China on Commercial Banks" Article 62 The banking regulatory agency of the State Council has the power to act in accordance with the provisions of Chapters 3, 4 and 5 of this Law. It stipulates that the deposits, loans, settlements, bad debts, etc. of commercial banks shall be inspected and supervised at any time. During inspection and supervision, inspection and supervision personnel shall present legal certificates. Commercial banks shall provide financial accounting materials, business contracts and other information related to business management in accordance with the requirements of the banking regulatory agency of the State Council.

Banks are one of the financial institutions. Banks are divided by type: central bank, policy bank, commercial bank, investment bank, and World Bank. Their responsibilities are different.

Central Bank: The People's Bank of China is the central bank of our country. Responsibilities: A special financial institution that implements monetary policy, conducts macro-control of the national economy, and supervises financial institutions and even the financial industry.

Policy banks: including the Export-Import Bank of China, Agricultural Development Bank of China, and China Development Bank. Responsibilities: Equity participation or guarantee, not for profit, specifically to implement and cooperate with the government's social and economic policies or intentions, directly or indirectly engage in policy financing activities in specific business fields, and serve as a role for the government to develop the economy and promote social progress , financial institutions that carry out macroeconomic management tools.

Commercial banks: including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank of China, Bank of Communications, etc. Responsibilities: Financial institutions that act as credit intermediaries through deposits, loans, exchanges, savings and other businesses. A commercial bank is one of the financial institutions, and it is the most important financial institution. Its main business scope includes absorbing deposits from the public, granting loans, and handling bill discounts.

Investment banks: including Goldman Sachs Group, Morgan Stanley, Citigroup, Wells Fargo, Societe Generale, etc. Responsibilities: Non-bank financial institutions engaged in securities issuance, underwriting, trading, corporate restructuring, mergers and acquisitions, investment analysis, venture capital, project financing and other businesses.

World Bank: Used to finance countries' efforts to overcome poverty. Each institution plays a unique role in its mission of alleviating poverty and improving living standards.

The banking industry in our country refers to the People's Bank of China, regulatory agencies, self-regulatory organizations, as well as commercial banks, urban credit cooperatives, rural credit cooperatives, etc. established within the territory of the People's Republic of China to absorb public deposits financial institutions, non-bank financial institutions and policy banks. Banks are the main body of the modern financial industry and the hub of the national economy.