A clear explanation of the "完整骨架" of China's financial system!

🔍【Regulatory Authorities: The "Compass" of Finance】The central bank controls monetary policy, exchange rates, and gold reserves; the China Banking and Insurance Regulatory Commission (formerly the CBIRC) oversees banks / insurance, protecting financial consumers' rights; the China Securities Regulatory Commission monitors securities / futures markets; the Central Financial Work Commission formulates top-level strategic plans —— multiple departments perform their duties to keep risks in check.
🏦【Financial Institutions: The "Capillaries" of Operation】Banks are divided into three categories: large commercial banks (ICBC, ABC, CCB, BOC, PSBC) are the pillars of the system; city commercial banks / rural credit cooperatives are rooted locally, serving small and medium-sized enterprises; policy banks (like the China Development Bank) do not rely on profits to support national strategies. Among non-bank institutions, insurance provides livelihood security, securities firms handle securities business, and trust / asset management play important roles in supplementing financial services.
📊【Financial Markets: The "Flow" of Funds】The money / bond markets are the main venues for institutional financing; the stock markets (Shanghai / Shenzhen / Beijing Stock Exchange) correspond to different types of enterprises; foreign exchange / futures and spot markets are responsible for exchange rate management and risk hedging.
This "regulation - institutions - markets" closed loop not only stabilizes ordinary people's wallets but also supports the development of the real economy —— finance is closer to us than we thought!
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