The People's Bank of China is the boss of the bank. It separated the industrial and commercial part into ICBC, the construction part into CCB, and the agricultural part into Agricultural Bank of China.

The differences and roles of Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China and China Construction Bank:

China’s five major banks are all large comprehensive commercial banks with extensive and diversified business coverage. , representing the strongest capital and strength in China’s financial sector. There is definitely a difference, and the difference is huge.

First of all, they are different in nature. The People's Bank of China is responsible for issuing currency independently under the leadership of the State Council, implementing the central government's financial policies, preventing financial risks, and is not affected by local governments and individuals.

The "Big Five State-owned Banks" are commercial banks, which mainly provide loans, savings, funds, insurance and other businesses. They aim to obtain profits, serve business and serve the market. In other words, the identity of the People's Bank of China belongs to a government department or administrative unit. The five major banks are enterprises whose purpose is to make money. In addition, it is still a hierarchical relationship.

As long as the People's Bank of China formulates a series of financial policies, the five major banks must carry out their commercial activities within the scope of the People's Bank of China's policies. At the same time, the five major banks must not only be subject to the management and supervision of the China Banking Regulatory Commission, but also be subject to the supervision of the China Banking Regulatory Commission. Supervision and management of the People's Bank of China.

There is no particularly big difference between the five major banks in my country in terms of asset size, business scale, business scope, etc. I think the biggest difference comes from services.

The five largest state-owned banks in my country refer to Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of China and Bank of Communications. In recent years, my country's five major banks have all shown a good momentum of growth in scale, and the assets of the five major banks account for half of the entire bank's assets. Therefore, in terms of asset scale, the five major banks are unrivaled in the country.

According to 2017 statistics, the five major banks have continued to maintain a steady growth momentum in terms of asset size. Among them, ICBC ranks first in terms of size and growth rate. As of the end of 2017, ICBC’s assets reached 26.09 trillion yuan. The businesses of my country's five major banks include deposits, loans, funds, insurance and other financial properties. The business of each bank is similar. For us ordinary people, which bank to choose mainly depends on our living habits and the differences in the service experience of each bank.

For example, we used China Construction Bank and Industrial and Commercial Bank of China earlier. We go to these banks every day to handle business, deposits, loans, buy insurance, buy funds, etc., so we have developed a brand for these banks. trust and dependence, then if we transfer assets, there will be greater transfer costs, which means that how to obtain new customers has become the key to every bank.

In summary, we have learned that my country’s five major banks have no particularly big differences in terms of business scope. From a security perspective, each has stricter risk control than the other, and they are all banks with the highest security level. Therefore, during our use, we can treat them differently in terms of services. Which company we think has better services and which company has better products and services is the key consideration in our choice.

Below we can also analyze the differentiating characteristics of major banks in detail from four aspects:

(1) Online banking service functions (business functions):

China Bank: account services, investment services, online payment, credit card services, consulting services, etc.;

Industrial and Commercial Bank of China: processing online payments, online inquiry of all banking services and some foreign exchange and stock market quotations, certificate applications, etc.

China Construction Bank: In addition to personal online banking and simplified corporate banking, it has also opened an online payment business bank.

Agricultural Bank of China: transaction inquiry, password modification, bank card temporary loss report. Online registration application and other functions.

(2) Online banking business process:

Bank of China: credit product business, providing customers with personalized and innovative financial services; in addition, retail business is personal investment; of course, business of financial institutions; at the same time, it also acts as an agent for other financial institutions.

Industrial and Commercial Bank of China: It is a commercial bank with the largest domestic banking assets, wide business scope, large business volume, and rich business varieties; ICBC’s business includes three-dimensional electronic banking services, including self-service banking, telephone banking, and mobile phone banking. Banks and online banking.

China Construction Bank: China Construction Bank is establishing loans, working capital loans, real estate financing, trade financing, investment consulting, financial consulting, etc.; it also opens and leads, guarantees, consulting and fund custody intermediary businesses.

Agricultural Bank of China: Rural credit and clearing business has a large business volume and wide business coverage. It has developed into a combination of local and foreign currencies and can handle various international and domestic communication financial services for RMB and foreign exchange business. Business.

(3) Nature of the four major banks:

Bank of China: China’s leading international bank, comprehensively developing financial services including commercial banking, investment banking and insurance business.

Industrial and Commercial Bank of China: In the banking industry, the level of finance is in a leading position. Likes has a wide range of outlets and coverage, and its annual settlement business accounts for half of the domestic financial industry.

China Construction Bank: It is a state-owned commercial bank featuring medium and long-term credit business, operating in China and major international financial centers.

Agricultural Bank of China: Centralized storage and unified management of online banking customer information, operation interface, business functions and electronic data. Accounts opened by the same customer in different regions can be managed under the same customer number.

(4) Other different features of the four main lines:

Bank of China: Set the account opening location when entering to facilitate users to conduct transactions quickly;

Industrial and Commercial Bank of China : High safety performance. When users enter their personal accounts, they must first install patches and understand security knowledge. It also provides dynamic presentation to make people feel safe.

China Construction Bank: China Construction Bank has achieved very high growth in personal deposits and personal financial management. The system will analyze and calculate the user's investment style and provide relatively advanced investment portfolio recommendations.

Agricultural Bank of China: It is highly targeted and can provide comprehensive services to different customers.