Financial institutions in China can be roughly divided into the following four categories according to their status and functions: ① Monetary authorities. Also known as the central bank, the People's Bank of China. The central bank is the core of a country's financial institution system. Without this bank, the currency operation of the country would be disordered. The central bank is the bank that issues money. Only it can issue money. It's a bank's bank. When banks have no money, they can borrow money from the central bank, which is the ultimate payer of the whole society. ② Banking institutions. Including policy banks and commercial banks. Commercial banks are divided into wholly state-owned commercial banks, joint-stock commercial banks, urban cooperative banks, housing savings banks, rural commercial banks, rural cooperative commercial banks, postal savings banks and village banks. ③ Non-bank financial institutions. It mainly includes state-owned and joint-stock insurance companies, urban cooperatives and rural credit cooperatives, microfinance companies, trust and investment companies, securities companies, securities trading centers, investment fund management companies, securities registration companies, finance companies and other non-bank financial institutions. Foreign-funded, overseas Chinese-funded and Sino-foreign joint venture financial institutions established in China. Including foreign capital, overseas Chinese capital, Sino-foreign joint venture banks, finance companies, insurance institutions and other business branches and representative offices in China.