China's four major banks refer to Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China and China Construction Bank (China, Agriculture, Industry and Construction), also known as the four major central banks, representing China's strongest financial capital. The four major state-owned banks have gone through the stage of specialized banking at the beginning of the founding of the People's Republic of China and entered the new century, basically becoming comprehensive large-scale listed banks, and they are all Fortune 500 enterprises. Nowadays, the business scope of the four major banks is no longer single, and they are moving towards the goal of comprehensive, international and modern commercial banks. 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. Responsibilities: Implement monetary policy, macro-control the national economy, supervise and manage financial institutions and even specialized financial institutions in the financial industry. Policy banks: including The Export-Import Bank of China, China Agricultural Development Bank and China National Development Bank. Responsibilities: Financial institutions that participate in or guarantee shares, engage in policy financing activities directly or indirectly in specific business areas for non-profit purposes, and serve as tools for the government to develop the economy, promote social progress and conduct macroeconomic management. Commercial banks: including China Industrial and Commercial Bank, China Agricultural Bank, China Bank, China Construction Bank, China Postal Savings Bank and Bank of Communications. Responsibilities: Financial institutions that act as credit intermediaries through deposits, loans, remittances and savings. Commercial banks are one of the most important financial institutions, and their main business scope includes absorbing public deposits, issuing loans and discounting bills. Investment banks: including Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo, Societe Generale, etc. Responsibilities: World Bank, a non-bank financial institution engaged in securities issuance, underwriting, trading, corporate restructuring, mergers and acquisitions, investment analysis, venture capital, project financing, etc. To help the country overcome poverty, various institutions play a unique role in the mission of alleviating poverty and improving living standards.