Banks are legally established financial institutions engaged in monetary and credit business, and are the product of the development of commodity monetary 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, with different responsibilities.
Central Bank: China People's Bank 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. ?
Basic explanation
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.
Central Bank: China People's Bank is the central bank of China. Responsibilities: Implement monetary policy, macro-control the national economy, supervise and manage financial institutions and even specialized financial institutions in the financial industry.
Policy banks: including The Export-Import Bank of China, China Agricultural Development Bank and China National Development Bank. Responsibilities: A financial institution that participates in or guarantees shares for the purpose of implementing and cooperating with the government's social and economic policies or intentions, directly or indirectly engages in policy financing activities in specific business areas, and acts as a tool for the government to develop the economy, promote social progress and conduct macroeconomic management.