Bank is a financial institution established according to law to operate money and credit business. It is the product of the development of commodity and monetary economy to a certain stage.
Banks are one of the financial institutions. Banks are divided into: central bank, policy bank, commercial bank, investment bank and World Bank.
Central bank: the people's Bank of China is the Central Bank of China.
State owned policy banks: including the Export Import Bank of China, the Agricultural Development Bank of China and the National 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.
World Bank: it is used to support countries to overcome poverty. Various institutions play a unique role in the mission of reducing poverty and improving living standards.
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