Chinese banking

Chinese banking consists of a mix of large state-owned banks, joint-stock commercial banks, and rural credit cooperatives that facilitate financial services like lending, deposits, and payments. The central government plays a significant role, regulating monetary policy and managing economic stability. Chinese banks support economic growth through credit allocation, especially to key industries, while integrating digital banking innovations. They also participate in international finance, reflecting China's global economic influence. Overall, the system balances government oversight with market-driven activities to support China's economic development and modernization.