What's the difference between Agricultural Bank and China Construction Bank?

China Construction Bank and China Agricultural Bank are both state-owned banks and one of the four largest banks. Personally, I think the two banks are similar in comprehensive aspects, but some specific details still feel different after handling the business in person.

Advantages and disadvantages of China Construction Bank. My impression of CCB is that the hardware facilities are the best in the local area, and unmanned intelligent teller machines can facilitate customers to quickly handle basic business such as account opening and loss reporting, saving waiting time, and other advantages are similar to ICBC. The disadvantage is that there are few grass-roots outlets, and in order to keep the deposit at all costs, I remember a bank's check was only 600 thousand at a time, but it was not issued at the end of the month and then returned. The reason for the refund left me speechless: negotiate a refund!

Advantages and disadvantages of agricultural bank. Compared with Industrial and Commercial Bank of China and China Construction Bank, Agricultural Bank has more outlets, and at least some towns and villages have Agricultural Bank outlets to facilitate rural customers to handle business. Disadvantages are aging products, slow upgrading and lack of innovative products. Then, just like CCB, it will try its best to keep the deposit: by the end of the month, the ATM will have no money, so you can't get the money. I finally stood in line at the counter for a long time, and I will give you 2000 yuan at most, saying that I have no money, and I will return it when I meet a transfer check.

If I have to choose, I still think China Construction Bank is the best with the most advanced hardware facilities. Even if I go to the counter to handle business, there are fewer customers than ICBC and ABC, saving time. There are many kinds of wealth management products and a wide range of choices.

China's banking system can be divided into 10 levels:

A central bank (1)- China people's bank (hereinafter referred to as the central bank), which does not undertake specific business functions, is responsible for formulating and implementing national monetary and credit policies and intervening and regulating national economic development; Moreover, it has the exclusive right to issue currency and implement financial supervision. It is generally called "Yang Ma".

(2) Policy Banks (3)-China Development Bank (issued by China), China Agricultural Development Bank (Agricultural Development Bank) and The Export-Import Bank of China (Export-Import Bank) are all funded by the government, which are specialized in implementing and cooperating with the government's social and economic policies or intentions, and conducting direct or indirect financial business in specific business areas. They are professional financial institutions that are not for profit, and serve as tools for the government to develop the economy, promote social progress and conduct macroeconomic management.

Three state-owned commercial banks (six)-China Industrial and Commercial Bank, China Construction Bank, China Bank, China Agricultural Bank, Bank of Communications and China Postal Savings Bank. The top five are funded by the Ministry of Finance and central huijin, and the Postal Savings Bank is funded by the Postal Group, which is the representative of the banking industry of central financial enterprises. They all handle deposit and loan business for individuals and enterprises. There is no difference in essence, and each has its own strengths. For example, Bank of China is excellent in foreign trade finance.

4. Joint-stock banks (12)- Compared with state-owned commercial banks, joint-stock banks are funded by the state, local governments and social capital, and their business is the same as that of state-owned commercial banks, but their capital and assets are smaller than those of state-owned banks, and they are also operated nationwide. Including China Merchants Bank, Shanghai Pudong Development Bank, China CITIC Bank, China Everbright Bank, Huaxia Bank, China Minsheng Bank, China Guangfa Bank, Industrial Bank, Ping An Bank, Zheshang Bank, hengfeng bank and Bohai Bank.

Five city commercial banks (134)-city commercial banks are mainly funded by local governments, and their predecessors originated from urban credit cooperatives in the 1980s. They were established to provide financial support for small and medium-sized enterprises and pave the way for connecting the local economy. After several rounds of reform and reorganization, it has evolved into a city commercial bank, and its business has also expanded from serving enterprises to providing financial services such as deposits and loans to residents. In essence, it also belongs to a kind of commercial banks. Just because the capital scale is small, it generally serves the regional market. Generally, banks directly named after cities or provinces belong to city commercial banks, such as Bank of Beijing, Bank of Shanghai, Bank of Guangzhou and Bank of Gansu.

Six rural commercial banks (385)-Rural commercial banks are joint-stock local financial institutions composed of farmers, rural industrial and commercial households, enterprise legal persons and other economic organizations within their jurisdiction. Mainly serving the financial business of agriculture, countryside and farmers. Formerly known as rural credit cooperatives.

7. Rural Cooperative Bank (220)-Rural Cooperative Bank is a new form of bank organization based on the principle of cooperative system and absorbing the principle and practice of joint-stock system. They are local financial institutions based on communities and implement joint-stock cooperative system. According to the regulatory requirements, all rural cooperative banks will be transformed into rural commercial banks.

8. Rural credit cooperatives-Credit cooperatives refer to rural cooperative financial institutions that are composed of members' shares and implement democratic management, mainly providing financial services to members. At present, all of them will be transformed into agricultural banks and commercial banks.

9. Private banks (18)-Private banks refer to banks that are controlled by private capital and adopt a market-oriented operation mechanism, mainly providing services for private enterprises. At present, there are 18 private banks operating. Including: Weizhong Bank, online merchant bank, etc.

Foreign banks-Foreign banks in China mainly refer to those international banks that are headquartered abroad and set up business outlets and representative offices in China (Mainland). Since the reform and opening up 40 years ago, major multinational banks have set up business outlets or agencies in China.

The above is the current banking hierarchy in China. All kinds of banks that absorb personal deposits, except foreign banks, have to pay premiums to the deposit insurance protection fund, so personal deposits are guaranteed by deposit insurance, that is, within 500,000 yuan, full payment is guaranteed. China's banking system can be divided into 10 levels:

A central bank (1)- China people's bank (hereinafter referred to as the central bank), which does not undertake specific business functions, is responsible for formulating and implementing national monetary and credit policies and intervening and regulating national economic development; Moreover, it has the exclusive right to issue currency and implement financial supervision. It is generally called "Yang Ma".

(2) Policy Banks (3)-China Development Bank (issued by China), China Agricultural Development Bank (Agricultural Development Bank) and The Export-Import Bank of China (Export-Import Bank) are all funded by the government, which are specialized in implementing and cooperating with the government's social and economic policies or intentions, and conducting direct or indirect financial business in specific business areas. They are professional financial institutions that are not for profit, and serve as tools for the government to develop the economy, promote social progress and conduct macroeconomic management.

Three state-owned commercial banks (six)-China Industrial and Commercial Bank, China Construction Bank, China Bank, China Agricultural Bank, Bank of Communications and China Postal Savings Bank. The top five are funded by the Ministry of Finance and central huijin, and the Postal Savings Bank is funded by the Postal Group, which is the representative of the banking industry of central financial enterprises. They all handle deposit and loan business for individuals and enterprises. There is no difference in essence, and each has its own strengths. For example, Bank of China is excellent in foreign trade finance.

4. Joint-stock banks (12)- Compared with state-owned commercial banks, joint-stock banks are funded by the state, local governments and social capital, and their business is the same as that of state-owned commercial banks, but their capital and assets are smaller than those of state-owned banks, and they are also operated nationwide. Including China Merchants Bank, Shanghai Pudong Development Bank, China CITIC Bank, China Everbright Bank, Huaxia Bank, China Minsheng Bank, China Guangfa Bank, Industrial Bank, Ping An Bank, Zheshang Bank, hengfeng bank and Bohai Bank.

Five city commercial banks (134)-city commercial banks are mainly funded by local governments, and their predecessors originated from urban credit cooperatives in the 1980s. They were established to provide financial support for small and medium-sized enterprises and pave the way for connecting the local economy. After several rounds of reform and reorganization, it has evolved into a city commercial bank, and its business has also expanded from serving enterprises to providing financial services such as deposits and loans to residents. In essence, it also belongs to a kind of commercial banks. Just because the capital scale is small, it generally serves the regional market. Generally, banks directly named after cities or provinces belong to city commercial banks, such as Bank of Beijing, Bank of Shanghai, Bank of Guangzhou and Bank of Gansu.

Six rural commercial banks (385)-Rural commercial banks are joint-stock local financial institutions composed of farmers, rural industrial and commercial households, enterprise legal persons and other economic organizations within their jurisdiction. Mainly serving the financial business of agriculture, countryside and farmers. Formerly known as rural credit cooperatives.

7. Rural Cooperative Bank (220)-Rural Cooperative Bank is a new form of bank organization based on the principle of cooperative system and absorbing the principle and practice of joint-stock system. They are local financial institutions based on communities and implement joint-stock cooperative system. According to the regulatory requirements, all rural cooperative banks will be transformed into rural commercial banks.

8. Rural credit cooperatives-Credit cooperatives refer to rural cooperative financial institutions that are composed of members' shares and implement democratic management, mainly providing financial services to members. At present, all of them will be transformed into agricultural banks and commercial banks.

9. Private banks (18)-Private banks refer to banks that are controlled by private capital and adopt a market-oriented operation mechanism, mainly providing services for private enterprises. At present, there are 18 private banks operating. Including: Weizhong Bank, online merchant bank, etc.

Foreign banks-Foreign banks in China mainly refer to those international banks that are headquartered abroad and set up business outlets and representative offices in China (Mainland). Since the reform and opening up 40 years ago, major multinational banks have set up business outlets or agencies in China.

The above is the current banking hierarchy in China. All kinds of banks that absorb personal deposits, except foreign banks, have to pay premiums to the deposit insurance protection fund, so personal deposits are guaranteed by deposit insurance, that is, within 500,000 yuan, full payment is guaranteed.