Refers to the business scope that a commercial bank can operate upon approval and registration by the administrative department for industry and commerce. (in legal terms)
According to the Commercial Law of People's Republic of China (PRC), commercial banks in China can engage in the following businesses: absorbing public deposits and issuing loans; Handling domestic and overseas settlement, bill discount and issuance of financial bonds; Acting as an agent to issue, honor and underwrite government bonds and buy and sell government bonds; Engage in interbank lending; Buying and selling, acting as an agent to buy and sell foreign exchange; Providing letter of credit services and guarantees; Agency payment and insurance agency business, etc. According to the regulations, commercial banks are not allowed to engage in securities business other than government bonds and non-bank financial business.
Two. Business scope of Bank of Communications
Bank of Communications is one of the state-owned commercial banks in China. Established in 195 1 and headquartered in Shanghai. The business scope of Bank of Communications includes: 1. Deposit business: provide customers with various deposit businesses such as current deposit, fixed deposit, lump-sum deposit and withdrawal, and lump-sum deposit and withdrawal. 2. Loan business: providing customers with mortgage loans, credit loans, secured loans, working capital loans and other loan businesses. 3. Settlement business: provide customers with domestic and international settlement, foreign currency exchange, bill acceptance, check acceptance and other settlement business. 4. Remittance business: provide customers with remittance services such as domestic and overseas remittance and international credit card collection. 5. Bank card business: provide customers with bank card business such as debit card, credit card and prepaid card. 6. Online banking: provide customers with online banking services such as online banking, mobile banking and self-service banking. 7. Other businesses: including wealth management, insurance, investment, trust and bill underwriting.
Three. Business scope of Bank of Communications
Bank of Communications is a state-owned commercial bank in China, headquartered in Shanghai. The business scope of Bank of Communications includes:
1. deposit business: provide customers with various deposit businesses such as lump-sum deposit and withdrawal.
2. Credit loans, secured loans and liquidity.
3. Settlement business: provide customers with domestic and international settlement, foreign currency exchange, bill acceptance, check acceptance and other settlement business.
Remittance at home and abroad, international credit card collection and other remittance industries.
5. Bank card business: provide customers with bank card business such as debit card, credit card and prepaid card.
6. Online banking: provide customers with online banking services such as online banking, mobile banking and self-service banking.
7. Other businesses: including wealth management, insurance, investment, trust and bill underwriting.