1 thought on “What businesses do commercial banks in the region”
Christine
Commercial banks can operate the following parts or all businesses: (1) Absorbing public deposits; (2) Flow short -term, medium and long -term loans; n (四)办理票据承兑与贴现;rn (五)发行金融债券;rn (六)代理发行、代理兑付、承销政府债券;rn (七)买卖政府债券、 Financial bonds; (8) engaged in interbank borrowing; (9) trading, agent trading foreign exchange; (10) engaged in bank card business; (11) Provide credit certification provides credit certificates Services and guarantees; (twelve) proxy receipt and payment and proxy insurance business; (13) Provide a storage box service; (14) Other businesses.
The operating scope shall be approved by the Charter of the Commercial Bank and reported to the State Council’s banking supervision and management agency. The commercial bank can operate foreign exchange settlement and foreign exchange sales business with the approval of the People’s Bank of China.
The regulations for commercial banking business. This article amended Article 3 of the former Commercial Bank Law: 1. The original provisions of the fourth item were “handling the notes of the bill” and amended it to “handling bill acceptance and discounting”, which increased the bill acceptance business. There was no special regulation of the original law. 2. The original provisions of the seventh item were “buying and selling government bonds”, which was revised to: “buying and selling government bonds and financial bonds”, which increased the business of buying and selling financial bonds. The original law only stipulates that commercial banks issue financial bonds, and there is no requirement for commercial banks to buy and sell financial bonds. Nowadays, financial bonds between commercial banks have been very common, and the interbank bond market has been established. As a result, this business has been added. 3. The tenth “engaged in bank card business” was added. When the Commercial Bank Law was formulated in 1995, bank cards issued bank cards are not common. Now, various bank cards are very common. Therefore, this business has been added. 4. Increased paragraph 3 stipulates: “Commercial banks are approved by the People’s Bank of China that can operate foreign exchange settlement and foreign exchange sales business.” The foreign exchange settlement and foreign exchange sales business between the RMB and foreign exchange shall be supervised and managed by the People’s Bank of China. The former Commercial Bank Law did not clearly stipulate the business of commercial banks, and the amendment was clearly stipulated this time. 5. The business scope and business were originally approved by the People’s Bank of China. After the establishment of the State Council’s banking supervision and management agency, it was changed by it. The “State Council Banking Supervision and Administration Institution” approval.
Commercial banks can operate the following parts or all businesses:
(1) Absorbing public deposits;
(2) Flow short -term, medium and long -term loans;
n (四)办理票据承兑与贴现;rn (五)发行金融债券;rn (六)代理发行、代理兑付、承销政府债券;rn (七)买卖政府债券、 Financial bonds;
(8) engaged in interbank borrowing;
(9) trading, agent trading foreign exchange;
(10) engaged in bank card business;
(11) Provide credit certification provides credit certificates Services and guarantees;
(twelve) proxy receipt and payment and proxy insurance business;
(13) Provide a storage box service;
(14) Other businesses.
The operating scope shall be approved by the Charter of the Commercial Bank and reported to the State Council’s banking supervision and management agency.
The commercial bank can operate foreign exchange settlement and foreign exchange sales business with the approval of the People’s Bank of China.
The regulations for commercial banking business. This article amended Article 3 of the former Commercial Bank Law: 1. The original provisions of the fourth item were “handling the notes of the bill” and amended it to “handling bill acceptance and discounting”, which increased the bill acceptance business. There was no special regulation of the original law. 2. The original provisions of the seventh item were “buying and selling government bonds”, which was revised to: “buying and selling government bonds and financial bonds”, which increased the business of buying and selling financial bonds. The original law only stipulates that commercial banks issue financial bonds, and there is no requirement for commercial banks to buy and sell financial bonds. Nowadays, financial bonds between commercial banks have been very common, and the interbank bond market has been established. As a result, this business has been added. 3. The tenth “engaged in bank card business” was added. When the Commercial Bank Law was formulated in 1995, bank cards issued bank cards are not common. Now, various bank cards are very common. Therefore, this business has been added. 4. Increased paragraph 3 stipulates: “Commercial banks are approved by the People’s Bank of China that can operate foreign exchange settlement and foreign exchange sales business.” The foreign exchange settlement and foreign exchange sales business between the RMB and foreign exchange shall be supervised and managed by the People’s Bank of China. The former Commercial Bank Law did not clearly stipulate the business of commercial banks, and the amendment was clearly stipulated this time. 5. The business scope and business were originally approved by the People’s Bank of China. After the establishment of the State Council’s banking supervision and management agency, it was changed by it. The “State Council Banking Supervision and Administration Institution” approval.