What bank does Hengshui Bank belong to

It belongs to joint-stock commercial banks. According to the "Brief Introduction of Hengshui Bank" issued by official website, Hengshui Bank was renamed as a local joint-stock commercial bank on the basis of Hengshui City Commercial Bank with the approval of the former China Banking Regulatory Commission. It has experienced four stages of development: Hengshui Credit Union, Hengshui Credit Cooperative, Hengshui Commercial Bank and Hengshui Bank. Up to now, Hengshui Bank has 52 branches and 1400 employees. 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, franchised institutions, investment banks and the World Bank, with different responsibilities.