China People's Bank is the central bank of China. It belongs to the state organs and does not do practical business.
The main duties of the People's Bank of China to expand information are:
(1) To formulate plans for the reform, opening up and development of the financial industry, undertake comprehensive research, coordinate and solve major problems in financial operation, and promote the coordinated and healthy development of the financial industry. Take the lead in coordinating national financial security work and safeguarding national financial security.
(2) Take the lead in establishing a macro-prudential management framework, drafting major financial regulations and other relevant laws and regulations, formulating a basic system of prudential supervision, and establishing and improving a basic system of financial consumer protection.
(3) To formulate and implement monetary and credit policies, improve the monetary policy control system, and be responsible for macro-prudential management.
(4) Take the lead in the prevention and emergency treatment of systemic financial risks, take the lead in the formulation, monitoring and analysis of basic rules and consolidated supervision of systemically important financial institutions such as financial groups and financial holding companies, guide relevant regulatory authorities to take corresponding regulatory measures as appropriate, inspect and supervise financial institutions with the approval of the State Council when necessary, and take the lead in organizing the formulation and implementation of recovery and disposal plans for systemically important financial institutions.
(five) to assume the responsibility of lender of last resort, and be responsible for inspecting and supervising the use of funds by financial institutions of the central bank to resolve financial risks.
(6) Supervise and manage the inter-bank bond market, money market, foreign exchange market, bill market, gold market and related OTC derivatives in the above markets; Take the lead in the identification, early warning and disposal of cross-market, cross-format and cross-regional financial risks, monitor and evaluate cross-domain financial businesses, and formulate unified basic rules for asset management products, corporate credit bond markets and their derivatives markets in conjunction with relevant departments.
(7) To be responsible for formulating and implementing RMB exchange rate policies, promoting the cross-border and international use of RMB, maintaining the balance of international payments, implementing foreign exchange management, tracking and monitoring international and domestic financial markets and risk warning, monitoring and managing cross-border capital flows, and holding, managing and operating national foreign exchange reserves and gold reserves.
(8) Take the lead in planning the construction of important financial infrastructure and coordinating the implementation of supervision, promote the reform and interconnection of financial infrastructure, and coordinate the supervision of Internet finance.
(9) Coordinate the comprehensive statistics of the financial industry, take the lead in formulating unified basic standards and working mechanisms for comprehensive statistics of the financial industry, build a national financial basic database, and perform relevant duties for financial statistical investigation.
(ten) to organize the development planning of financial industry informatization, to be responsible for the management and coordination of financial standardization organizations and financial technology related work, and to guide the network security and informatization of financial industry.
Baidu Encyclopedia-China People's Bank