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What are financial company deposits?

Deposits of Financial Corporations are an important indicator reflecting the amount of currency reserves. It is the term used by the People's Bank of China in the "Overview of Depository Corporations". The Depository Corporations Survey is an analytical statement that combines the Central Bank Survey and other Depository Corporations Surveys and reflects the monetary and credit activities of depository corporations, with an emphasis on broad money.

Deposits of Financial Corporations are further divided into Other Depository Corporations and Other Financial Corporations.

1. Other Depository Corporations

Refers to all financial companies (except the central bank) that are mainly engaged in financial intermediary business and the issuance of liabilities included in the concept of a country’s broad money. and quasi-corporations. In our country, it includes deposit money companies and other deposit money companies.

(1) Deposit currency companies refer to financial companies that can accept demand deposits, transfer funds using checks, and realize payment functions. In our country, they mainly include:

① Wholly state-owned commercial banks: Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank

② Joint-stock commercial banks: Bank of Communications, CITIC Industrial Bank , Everbright Bank, Hua Xia Bank, Guangdong Development Bank, Shenzhen Development Bank, China Merchants Bank, Pudong Development Bank, Industrial Bank, Minsheng Bank, Hengfeng Bank

③City commercial banks and rural commercial banks

④Urban Credit Cooperatives and Rural Credit Cooperatives

⑤Foreign-funded banks

⑥Agricultural Development Bank of China

(2) Other deposit currency companies refer to companies that accept deposits with Financial companies with term, amount restrictions and deposits from specific sources. In my country, it includes Chinese-funded and foreign-funded enterprise group finance companies in my country, as well as the China Development Bank and the Export-Import Bank of China. Depository corporations consist of central banks and other depository corporations.

2. Other Financial Corporations refer to other financial companies other than the central bank and other depository companies. In my country, they mainly include trust investment companies, financial leasing companies, insurance companies, securities companies, securities investment fund management companies, pension fund companies, asset management companies, guarantee companies, futures companies, stock exchanges and futures exchanges, etc.