Like other banks, SF Bank can pay deposit insurance and inquire about credit information. Handling business includes l absorbing public deposits and issuing short, medium and long-term loans; Handle domestic settlement; Handle bill acceptance and discount; Engage in interbank lending; Engaged in bank card business (debit card); Acting as an agent to issue, honor and underwrite government bonds. Bonds, agency payment and insurance agency business; Other businesses approved by China Banking Regulatory Commission (the validity period is subject to the license).
Banks are legally established financial institutions engaged in monetary and credit business, and are the product of the development of commodity monetary economy to a certain stage. Banks are one of the financial institutions. Banks are divided into central banks, policy banks, commercial banks, investment banks and the World Bank, with different responsibilities.
Central Bank: China People's Bank is the central bank of China.
State-owned policy banks: including The Export-Import Bank of China, China Agricultural Development Bank and China Development Bank.
State-owned commercial banks: including China Industrial and Commercial Bank, China Agricultural Bank, China Bank, China Construction Bank, China Postal Savings Bank and Bank of Communications.
Investment banks: including Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo, UBS Group AG, Societe Generale, etc.
World Bank: It is used to help countries overcome poverty. Various institutions play a unique role in alleviating poverty and improving living standards.
Origin: The word "bank" originated from Banca, Italy. Its original intention is benches and chairs, and it is the business appliance of the earliest money changers in the market. English translation into Bank means the cabinet for saving money. In China, it is called "bank" because of the history of China's economic development. In the history of our country, silver has always been one of the main monetary materials. "Silver" often represents money, while "bank" is the title of large commercial organizations. Calling a large financial institution dealing with money a bank was first seen in the Book of History by Hong Ren of the Taiping Heavenly Kingdom.