The present financial system in China is, under the leadership of the People's Bank of China and with exclusively State-owned commercial banks as the main body, a financial institution system allowing simultaneous co-existence, divide the work and coordination of the State policy-related banks, other commercial banks and various financial institutions.
1) People's Bank of China
The People's Bank of China is China's central bank, which is responsible for establishing and implementing national financial policies, and regulating currency circulation and credit activities. It represents the country to the foreign countries and supervises and administers the entire financial activities at home.
2) Commercial banks
Chinese commercial bank system is composed of three parts, namely exclusively State-owned commercial banks, other shareholding commercial banks and foreign-funded commercial banks, among which the exclusively State-owned banks constitute the main body of Chinese commercial bank system.
3) Policy-related banks
Since 1994, China has constructed three policy-related banks directly under the State Council, namely the State Development Bank, Agriculture Development Bank of China and the Export-Import Bank of China.
4) Non-bank financial organizations
Chinese non-bank financial organizations mainly include Trust & Investment Corporation, Securities Company, Insurance Company, Finance Company, Leasing Company and Credit Union.