Agency service refers to the business that commercial banks accept clients' entrustment, handle economic affairs designated by clients, provide financial services and charge a certain fee, including securities agency, insurance agency, commercial bank agency, central bank agency, policy bank agency and other agency services. Agency business is a typical intermediary business. Banks make full use of their reputation, skills, information and other resources, exercise supervision and management rights, and provide various financial services on behalf of customers. At present, private banking has increasingly become the core of competition for China commercial banks to expand intermediary business. Type and content of agency business 1, agency business. The most widely used agency business is agency business, which involves almost every family in social life. Collection and payment service refers to the convenience of commercial banks to use their own settlement. Accept the entrustment of customers and handle the designated fund collection and payment business on their behalf. Such as payroll service, withholding housing mortgage consumer loan repayment service, collecting traffic violation fines, etc. There are many kinds of collection and payment services with wide coverage. To sum up, it can be divided into two categories. One is payment service, which is a transfer and settlement service in which banks collect fees from their users on behalf of charging units, such as collecting telephone charges, insurance premiums, traffic violation fines, road maintenance fees, etc. The second is the payroll service, that is, the bank is entrusted by state organs, administrative institutions and enterprises to directly pay wages to employees through its current savings account opened in the bank. 2. Acting as an agent for securities business. Agency securities business refers to the business of issuing, paying and buying and selling all kinds of securities entrusted by banks, and also includes services such as debt service, dividend distribution and settlement of securities funds. Securities mainly include government bonds, financial bonds, corporate bonds and stocks. Bank securities business, agency issuance, agency payment and underwriting of government bonds are the main business of bank agency bonds. 3. Insurance agency business. Insurance agency business is that banks accept the entrustment of insurance companies to handle insurance business on their behalf. Belongs to a part-time agent. Insurance agency business is the most extensive type of bank insurance in China. Bank insurance agency business can only carry out part-time agency activities if it meets the requirements of part-time agents in the Interim Measures for the Administration of Part-time Insurance Agents issued by the China Insurance Regulatory Commission in 2000. 4. Acting as an agent for policy banking. It means that commercial banks accept the entrustment of policy banks to handle the business that policy banks can't handle because of the limitation of service function and network setting, including the management of agency loan projects. 5. As a central bank. It refers to the business that should be undertaken by the central bank according to policies and regulations, but is designated or entrusted by the central bank to undertake by commercial banks due to institutional setup, professional advantages and other reasons, mainly including financial deposit agency business, treasury agency business and card-issuing bank agency business. 6. Acting as an agent for commercial banking. Refers to the mutual agency business between commercial banks, mainly refers to the agency business in fund settlement, such as the agency bank draft business.