Is Bank of Zhengzhou State-owned or Private?

Bank of Zhengzhou is neither a state-owned enterprise nor an individual. 1996 48 former urban credit cooperatives in Zhengzhou were established as Zhengzhou cooperative banks. In 2000, it was renamed Zhengzhou Commercial Bank. In 2009, it was renamed Bank of Zhengzhou. 20 15 was listed on the main board of the hong kong stock exchange on February 23rd, becoming the first in Henan and the 65438th in China.

Commercial banks:

The concept of commercial banks is different from that of central banks and investment banks. It is a financial institution with profit as its function, raising funds with various financial liabilities and operating with various financial assets. General commercial banks have no right to issue currency. Traditional commercial banks mainly focus on deposit and loan (borrowing) business, that is, borrowing deposits at lower interest rates and lending loans at higher interest rates. The deposit-loan spread is the main profit of commercial banks. The main business scope of commercial banks includes absorbing deposits from the public, enterprises and institutions, issuing loans, discounting bills and intermediary business. It is a savings institution, not an investment institution.

China Commercial Bank can engage in the following businesses: absorbing public deposits and issuing loans; Handling domestic and overseas settlement, bill discount and issuance of financial bonds; Acting as an agent to issue, honor and underwrite government bonds and buy and sell government bonds; Engage in interbank lending; Buying and selling, acting as an agent to buy and sell foreign exchange; Providing letter of credit services and guarantees; Agency payment and insurance agency business, etc. According to the regulations, commercial banks are not allowed to engage in securities business and non-bank financial business other than government bonds.

All the books we contact in our life belong to commercial banks. China Commercial Bank is divided into large state-owned commercial banks, such as China Industrial and Commercial Bank, China Agricultural Bank, China Bank, China Construction Bank and Bank of Communications. Small and medium-sized commercial banks, such as China Merchants Bank, Shanghai Pudong Development Bank, China CITIC Bank, China Everbright Bank and Huaxia Bank; City commercial banks, such as Bank of Beijing, Bank of Nanjing, Bank of Ningbo, etc. Rural commercial banks, such as Beijing Rural Commercial Bank, Shanghai Rural Commercial Bank and Chongqing Rural Commercial Bank.

Judging from the development of commercial banks, there are two business models of commercial banks. One is the British model. Commercial banks mainly finance short-term commercial funds, which have the characteristics of short lending period and high liquidity.

That is, borrowing deposits at a lower interest rate and lending them at a higher interest rate. The deposit-loan spread is the main profit of commercial banks. This business model is relatively safe and reliable for banks. The other one is from Germany, and its business is comprehensive. Commercial banks not only finance short-term commercial funds, but also finance long-term fixed capital, that is, engage in investment banking business.