Banks in China are mainly divided into the following categories:

1. Central Bank: China People's Bank, which is the central bank of China, is actually an administrative organ and basically does not handle banking business for individuals and enterprises.

2. Policy banks: China Agricultural Development Bank, China Development Bank and The Export-Import Bank of China, which only handle policy banking business.

3. Commercial banks: Industrial and Commercial Bank, China Construction Bank, China Bank, Agricultural Bank, Bank of Communications, China Merchants Bank, etc., handle daily deposit and loan business, which is closely related to residents' lives

4. Credit cooperatives, which are divided into urban credit cooperatives and rural credit cooperatives, are small in scale and have the characteristics of commercial banks to handle related businesses.

Extended data:?

banks are financial institutions established in accordance with the law to engage in money and credit business, and are the product of the development of commodity money economy to a certain stage.

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.

State-owned policy banks: including The Export-Import Bank of China, China Agricultural Development Bank and China Development Bank.

State-owned commercial banks: including China Industrial and Commercial Bank, China Agricultural Bank, China Bank, China Construction Bank, China Postal Savings Bank and Bank of Communications.

investment banks: including Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo, UBS Group AG, Societe Generale, etc.

World Bank: It is used to help countries overcome poverty, and various institutions play a unique role in the mission of alleviating poverty and improving living standards.

Origin

The word "bank" originated from Banca, Italy, which originally meant benches and chairs, and was the business equipment 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 represents money, while "bank" is the title of large commercial institutions. Calling a large financial institution dealing with money as a bank was first seen in "Senior Minister" written by Hong Rengan of the Taiping Heavenly Kingdom.

References: Baidu Encyclopedia: Banks.