What does Pratt & Whitney do?

"Puhuitong" is an Internet product developed and operated by Henan Jinhui People's Information Technology Co., Ltd. relying on the "inclusive finance Netcom" project initiated by Zhengzhou Central Branch of the People's Bank of China. Mainly for farmers, small town residents, individual industrial and commercial households and other groups to provide financial services.

Pratt & Whitney APP is a financial information display and diversion app in internet plus. Pratt & Whitney app aims to provide users with a series of information technology services such as Pratt & Whitney Credit, account managers and financial supermarkets. And realize various living expenses payment services through the convenient payment function of Pratt & Whitney app. Pratt & Whitney is committed to achieving full coverage of financial services in China.

The "Pratt & Whitney" APP mainly has four functions: Pratt & Whitney credit, financial supermarket, convenient service and wonderful discovery. Among them, "inclusive credit" mainly provides loan products for benefiting farmers and supporting agriculture to cooperative banks such as Bank of Zhengzhou and Postal Savings Bank; "Financial Supermarket" mainly provides financial products of cooperative institutions such as Bank of Zhengzhou and Postal Savings Bank; "Convenience service" mainly provides services such as living payment and recharge; "Wonderful Discovery" mainly provides policies for benefiting farmers, current affairs and politics, agricultural orientation, financial information and so on. Customers can apply for bank loans or purchase financial products such as wealth management and insurance online in the "Pratt & Whitney" app; You can also pay various living expenses online and so on.

China People's Bank is the central bank of China. Its main function is to formulate and implement monetary policy under the leadership of the State Council, prevent and resolve financial risks and maintain financial stability. The People's Bank of China implements the governor responsibility system, and sets up a monetary policy committee, which has the function of consulting deliberative bodies. Generally speaking, the main functions of the central bank can be summarized as "issuing bank", "bank bank" and "government bank":

1. "issuing bank"

"Issuing bank" means that the central bank monopolizes the right to issue money, and it is the only institution in China with the right to issue money.

2. "Bank's bank"

The services provided by the central bank to banks and other financial institutions include: centralized custody of deposit reserves of commercial banks; As the lender of last resort of commercial banks; Organize the liquidation among commercial banks across the country.

3. "Government Bank"

The central bank is the government's bank, which means that the central bank, as the government's macroeconomic management department, is authorized by the government to supervise and manage the financial industry, regulate the macro-economy, participate in international financial affairs on behalf of the government, and provide financing, treasury revenue and expenditure and other services for the government. As a "government bank", its specific functions include: acting as an agent for treasury revenue and expenditure; Acting as an agent to issue state bonds; Provide credit to the government.