1. China Construction Bank - CCB

China Construction Bank’s main business areas include corporate banking, personal banking and treasury services, with branches in 29 countries and regions and subsidiaries, including subsidiaries in funds, leasing, trusts, life, property and casualty insurance, investment banking, futures, pensions and other industries.

2. Industrial and Commercial Bank of China - ICBC

The basic mission of Industrial and Commercial Bank of China is to raise social funds through domestic and foreign financing activities and strengthen credit fund management in accordance with national laws and regulations. , support enterprise production and technological transformation, and serve our country's economic construction.

3. Agricultural Bank of China - ABC

The Agricultural Bank of China is an important part of China’s financial system. It provides a variety of corporate banking and retail banking products and services, and also develops financial markets. Business and asset management business, the business scope also covers investment banking, fund management, financial leasing, life insurance and other fields.

4. People's Bank of China - PBOC

On December 1, 1948, on the basis of the merger of North China Bank, Beihai Bank and Northwest Farmers Bank, China was formed in Shijiazhuang City, Hebei Province The People's Bank.

In September 1983, the State Council decided that the People's Bank of China would exclusively exercise the functions of the central bank of China. On March 18, 1995, the Third Session of the Eighth National People's Congress passed the Law of the People's Republic of China on the People's Bank of China. At this point, the People's Bank of China as the central bank was legally established.

5. Bank of Communications - BCM

On April 1, 1987, the reorganized Bank of Communications officially opened for business and became China's first national state-owned joint-stock commercial bank. , headquartered in Shanghai. Bank of Communications was listed on the Hong Kong Stock Exchange in June 2005 and successfully listed on the Shanghai Stock Exchange in May 2007.

Extended information

Classification

Central Bank: The People's Bank of China is the central bank of our country.

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

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

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

The asset size and after-tax profits of my country's banking industry have increased significantly year by year. In 2011, the profits realized by China's banking industry accounted for nearly one-third of the total profits of the global banking industry. my country's banking industry is developing rapidly. However, against the background of accelerated interest rate liberalization, intensified internal and external competition, and declining profit growth, banking and financial institutions must make corresponding strategic adjustments in business structure, resource allocation, and regional layout.

As competition in the banking industry continues to intensify, banking financial institutions are paying more and more attention to the tracking and research of the industry development environment and market demand, especially the in-depth analysis of the banking business development environment and changes in customer demand trends. Research. Because of this, a large number of outstanding domestic banking institutions have emerged rapidly, gradually forming their own business characteristics and becoming industry leaders or newcomers!

Function

A bank is an enterprise that operates money. Its existence facilitates the raising and financing of social funds. It is a very important member of financial institutions.

We can see that the business of a bank is, on the one hand, it collects idle monetary funds and small monetary savings in society by absorbing deposits, and then lends them in the form of loans to those who need to replenish currency. people use it; here, the bank acts as an intermediary between lenders and borrowers.

On the other hand, banks handle currency collection, payment, settlement and other services for commodity producers and merchants, and they also act as payment intermediaries. In short, banks play the role of credit intermediaries.

The basic functions of commercial banks include: credit intermediary, payment intermediary, credit creation, and financial services.