1. mode of operation: the joint-stock banking system strictly restricts excessive concentration and monopoly of banks and is conducive to free competition. The chain banking system is conducive to the rapid development of various banking businesses, especially cross-regional businesses, through branches all over the country. Generally speaking, joint-stock banks are more suitable for the needs of modern economic development and are the main organizational forms of contemporary commercial banks.
2. Organizational form: The joint-stock banking system is an organizational system in which a group establishes a joint-stock company, and the company controls or acquires more than two banks. These controlled banks still maintain their independence in law, but their business strategy and business are controlled by shareholders. Chain banking system, also known as joint banking system, refers to an organizational system in which two or more banks purchase most of their shares and are jointly operated by one person or a group.