Anhui Jinnong is an Anhui Rural Credit Cooperative Association, a local financial institution, which was established in 2004. Anhui Jinnong was established with the approval of the People's Bank of China and initiated by its members, mainly serving shareholders. The main business of Anhui agricultural finance includes deposit, loan, stock purchase, insurance and settlement.
Commercial banks: The concept of commercial banks is different from that of central banks and investment banks. It is a financial institution with profit as its function, raising funds with various financial liabilities and operating with various financial assets. General commercial banks have no right to issue currency. Traditional commercial banks mainly focus on deposit and loan (borrowing) business, that is, borrowing deposits at lower interest rates and lending loans at higher interest rates. The deposit-loan spread is the main profit of commercial banks. The main business scope of commercial banks includes absorbing deposits from the public, enterprises and institutions, issuing loans, discounting bills and intermediary business. It is a savings institution, not an investment institution.