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What does the international business of a bank do?
International business is as follows:

In fact, there are many international businesses of banks, mainly including remittance settlement, collection settlement, letter of credit settlement, guarantee, import and export financing, foreign exchange transactions and so on. Foreign exchange trading is also a very important part, which includes: foreign exchange position, spot foreign exchange trading, forward foreign exchange trading, option trading, arbitrage and arbitrage, speculation.

Introduction:

Banks are one of the financial institutions. Banks are divided into central banks, policy banks, commercial banks, investment banks and the World Bank, with different responsibilities.

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. Various institutions play a unique role in alleviating poverty and improving living standards.