what is a bank? 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. Responsibilities: A financial institution that participates in or guarantees shares, does not aim at making profits, engages in policy financing activities directly or indirectly in a specific business field, and acts as a tool for the government to develop the economy, promote social progress and carry out 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, etc.
World Bank: used to help countries overcome poverty, and various institutions play a unique role in the mission of alleviating poverty and improving living standards.
The word "bank" originated from Banca, Italy, which originally meant benches and chairs, and was the business appliance of the earliest money changers in the market. English is translated into Bank, which means the cabinet for saving money. In China, the reason why it is called "bank" is related to the history of China's economic development.
in the history of our country, silver has always been one of the main monetary materials. "Silver" often stands for money, while "Bank" is a title for large commercial organizations. Calling a large financial institution dealing with money as a bank was first seen in "Senior Minister" written by Hong Ren of the Taiping Heavenly Kingdom.