In terms of supervision business, a large banking department, a policy banking department and a city banking department were set up to supervise the five major banks, policy banks and city commercial banks respectively. In addition, there is an inter-ministerial joint conference office for handling illegal fund-raising to supervise illegal fund-raising.
For non-regulatory business, there are mainly the regulatory department, policy research bureau, consumer protection bureau, prudential supervision bureau and other departments, which are responsible for formulating prudential supervision rules for the banking industry.
The CBRC also has the right to access banking financial institutions, such as the appointment of bank directors and senior executives and the establishment of new banking outlets by banks, all of which need the approval of the CBRC.
Under the leadership of the State Council, the People's Bank of China is a macro-control department that formulates and implements monetary policies, maintains financial stability and provides financial services. Simply put, it is to manage money. For example, if the central bank raises or lowers the reserve interest rate, it will directly affect the bank's credit business, which is an important income of the bank. Of course, the central bank will not abuse its functions, and everything is for the stable development of the national financial industry.
Why are banks afraid of CBRC and central bank? Because one is in charge of beating people and the other is in charge of money.