The business provided by state-owned commercial banks can basically be divided into on-balance-sheet liabilities business, on-balance-sheet assets business and off-balance-sheet business. Liabilities in the balance sheet mainly include: deposit business, overseas foreign exchange borrowing business, interbank lending business and financial bond issuance business. The asset business in the balance sheet mainly includes: various loans, bond trading and investment business, and interbank lending business. Off-balance-sheet business (intermediary business) is not the traditional main business of banks, but it has gradually become a new profit growth point of banks. Off-balance sheet business mainly includes RMB settlement business, agency business, bank card business, information consulting business, foreign exchange intermediary business, self-operated foreign exchange trading business, guarantee business, China Merchants Bank business and investment fund custody business.
According to the provisions of China's commercial banking law, the business scope of state-owned commercial banks includes:
Absorb public deposits.
Issue short-term, medium-term and long-term loans.
Handle domestic and international settlement.
Handle bill discounting.
Issue financial bonds.
Acting as an agent to issue, honor and underwrite government bonds.
Buying and selling government bonds.
Engage in interbank lending.
Buying and selling, acting as an agent to buy and sell foreign exchange.
Provide letter of credit service and guarantee.
Agency payment and insurance agency business.
Safe deposit box service is available.
Other businesses approved by the People's Bank of China.