1. What are the five major financial institutions in my country?
Banks, securities, insurance, trusts, funds.
1. Banks
The People's Bank of China was formed on December 1, 1948 on the basis of the merger of North China Bank, Beihai Bank and Northwest Farmers Bank. Before 1984, the People's Bank of China served as the central bank. In September 3, the State Council decided that the People's Bank of China would exclusively exercise the functions of the central bank to handle its original commercial banks. The "Law of the People's Republic of China on the People's Bank of China" passed on March 18 Established its legal basis as a central bank.
2. Policy banks
Policy banks generally refer to financial institutions established by the government for the purpose of implementing national industrial policies and regional development policies and not for profit. mechanism. In 1994, my country established three policy banks - the China Development Bank, the Export-Import Bank of China and the Agricultural Development Bank of China. On December 16, 2008, China Development Bank Co., Ltd. was established, becoming my country's first commercial bank transformed from a policy bank.
3. Commercial banks
Commercial banks are enterprises whose main business is to operate deposits, loans, and handle transfer settlements, and to make profits as their main business. The ability to absorb demand deposits and create money is its most prominent feature. Commercial banks conduct comprehensive and comprehensive management of their bank assets and liabilities through asset-liability ratio management, and seek reasonable asset and liability values. my country currently has 5 state-owned commercial banks (China, Agriculture, Industry, Construction, and Communications), 12 banks, Huaxia, China Merchants, Guangzhan, Bohai, Guangfa, Industrial, Zheshang and Hengfeng), and 110 city commercial banks.
2. Trust
Trust investment shares are financial institutions that manage wealth on behalf of others. Together with bank credit and insurance, it is known as the three pillars of the modern financial industry. The main business of my country's trust and investment companies: operating funds and property entrustment, agency asset custody, financial leasing, economic consulting, securities issuance and investment, etc. According to the requirements of the state to rectify financial companies, our scope is mainly limited to trust, investment, and other agency businesses. A small number of truly necessary companies can concurrently engage in leasing, securities business and issue special trust benefit bonds for more than one year with the approval of the People's Bank of China. It is used for loans and investments with specific targets, but bank deposits are not allowed. The trust industry and the trustee sign a trust contract. The trust investment company is entrusted with the management and use of trust funds and properties and can only charge handling fees. The rates are set by the People's Bank of China in conjunction with relevant departments.
3. Insurance
Insurance uses the principle of mutual aid and economy to share the risks faced by individuals with the group. At present, my country's insurance companies have more than 400 types of business insurance, which can be roughly divided into property insurance, liability insurance and reinsurance between insurance institutions. According to the Insurance Law of the People's Republic of China in October 1995, my country's national insurance companies include China Life Insurance Co., Ltd., China Insurance Co., Ltd., China Pacific Insurance Company, Ping An Insurance Company of China, Huatai Property Insurance Company, and Taikang Life Insurance Company. etc.; local insurance companies include Xinjiang Corps Insurance Company, Tianan Insurance Company, Dazhong Insurance Company, Yongan Property Insurance Company and Huaan Property Insurance Company; foreign-funded and joint-venture insurance companies include Hong Kong Mining Insurance Company Shenzhen Company, American AIA Shanghai Company Branches, American Insurance Company Guangzhou Branch, Tokio Marine Insurance Company Shanghai Branch, Zhonghong Life Insurance Co., Ltd. and Swiss Fontaine Insurance Company Shanghai Branch, etc.
4. Securities
Securities refer to stocks, bonds, funds, depository receipts and negotiable certificates approved by government departments for issuance and circulation. Introduction to major securities institutions: Securities companies, also known as securities dealers, main business: promote government bonds, corporate bonds and stock agency trading and proprietary trading and proprietary trading of various types of securities that have been listed and circulated, participate in corporate acquisitions and mergers, Serve as corporate financial advisor, etc., such as China Securities Co., Ltd., China Cathay Securities Co., Ltd., etc. A stock exchange, not for the purpose of profit, provides venues and facilities for securities trading for the concentrated and organized trading of securities, performs relevant duties, and implements disciplined management. Such as Shanghai Stock Exchange and Shenzhen Stock Exchange. Registration and clearing companies ensure that the securities trading process is accurate and funds are received in full and on time.
2. China’s five major credit institutions?
1 China Chengxin International Credit Rating Co., Ltd., referred to as China Chengxin, is currently a Sino-foreign joint venture. It has innovatively developed dozens of credit rating businesses, including convertible bond ratings, insurance company ratings, corporate governance Ratings etc.
2 Guohengxin International Credit Rating Center Co., Ltd., referred to as Guohengxin, is China’s first pioneer in global rating business. Its rating business includes government credit rating, One Belt and One Road rating, and world The first blockchain rating licensed agency, insurance company, corporate governance rating, etc.
3 United Credit Rating Co., Ltd., referred to as United Credit Rating Co., Ltd., its shareholders are United Credit Management Co., Ltd. and Fitch Credit Rating Co., Ltd. The former is a state-controlled national professional information service organization, and the latter It is a very well-known international credit rating agency in the world.
4 Dagong International Credit Rating Co., Ltd., referred to as Dagong, was established in 1994 with the approval of the People's Bank of China and the State Economic and Trade Commission of China.
5 Shanghai Oriental Jincheng Credit Rating Investment Service Co., Ltd., referred to as Oriental Jincheng, is an intermediary specializing in credit services such as bond rating, corporate credit assessment, corporate credit reporting, property credit reporting, and corporate credit management consulting. mechanism.
For now, the most famous rating agencies in China are these five companies, so many banks also use the ratings of these rating agencies to provide loans and other services to companies.
3. What are the five major banks?
1. The five major banks in China refer to the five large state-owned banks, including: Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank Bank, Bank of Communications. 2. China’s five major banks are all large comprehensive commercial banks with extensive and diversified business coverage, representing the strongest capital and strength in China’s financial sector. 3. The basic security properties of the five major banks are all the same, and they are all state-owned banks; the bank card account protection systems are also the same; the deposit insurance is also within 500,000. A bank is a financial institution established in accordance with the law to engage in currency and credit business. It is the product of the development of the commodity currency economy to a certain stage. Banks are one of the financial institutions. Banks are divided by type: central banks, policy banks, commercial banks, investment banks, and the World Bank. Their responsibilities are different. 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. : 1. Industrial and Commercial Bank of China. The Industrial and Commercial Bank of China, abbreviated as ICBC or ICBC, is also known as the "No. 1 Bank in the Universe" and has the largest customer base in China. It was established on January 1, 1984. 2. Agricultural Bank of China. Agricultural Bank of China, referred to as ABC or Agricultural Bank of China, ranks among the top 7 among the "Top 1000 Global Banks" and was established in 1951. 3. Bank of China. Bank of China, referred to as BOC or Bank of China, was officially established with the approval of Dr. Sun Yat-sen. It was established on February 5, 1912 and is the note-issuing bank in Hong Kong and Macau. 4. China Construction Bank. China Construction Bank, referred to as CCB or Construction Bank, was established on October 1, 1954. It is one of the large state-owned banks managed by the central government. 5. Bank of Communications. Bank of Communications, abbreviated as BOCOM or Bank of Communications, was founded in 1908. It can be said to be one of the banks with the longest history in modern China and one of the note-issuing banks in modern China. The five major banks are referred to as Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, and China Construction Bank. Among them, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank are also known as the "Big Four Banks."
4. What are the five major financial institutions in China?
Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications