Abstract: The Ministry of Finance of the People's Republic of China is a department of the State Council of the People's Republic of China and is at the ministerial level. The main responsibility of the Ministry of Finance is to formulate fiscal and taxation development strategies, plans, policies and reform plans and organize their implementation. Draft laws and administrative regulations on finance, finance, and accounting management, formulate departmental rules, and supervise their implementation. Responsible for the management of various central government revenue and expenditures. So, how many departments and bureaus does the Ministry of Finance have? The financial department is very large, including the general office, policy research office, general department, treaty and law department, taxation department and dozens of other units. Let’s take a look at the introduction of the Ministry of Finance. 1. The main responsibilities of the Ministry of Finance

(1) Formulate and implement fiscal and taxation development strategies, principles and policies, medium and long-term plans, reform plans and other relevant policies; participate in the formulation of various macroeconomic policies; propose Use fiscal and tax policies to implement macro-control and comprehensively balance social financial resources; formulate and implement distribution policies between the central and local governments, and between the state and enterprises.

(2) Formulate draft laws and regulations on finance, finance, and accounting management; formulate and implement rules and regulations on finance, finance, and accounting management; organize international negotiations on foreign finance and debt and initial sign relevant agreements and agreements.

(3) Prepare the draft annual central budget and final accounts and organize their implementation; be entrusted by the State Council, report the central and local budgets and their implementation to the National People's Congress, and report the final accounts to the Standing Committee of the National People's Congress; manage various central departments fiscal revenue, manage central extra-budgetary funds and special fiscal accounts; manage relevant government funds.

(4) Propose tax legislation plans, review and submit draft tax laws and tax regulations with the State Administration of Taxation; determine fiscal and tax revenue plans according to national budget arrangements; propose increases and decreases in tax types, and adjustments to subject tax rates , tax reductions and exemptions, and suggestions for tax reductions and exemptions for temporary special cases that have a greater impact on the central finance; participate in foreign-related tax and international tariff negotiations, sign foreign-related tax agreements and draft agreements; formulate international tax agreements and agreement templates; undertake the daily work of the Tariff Commission of the State Council Work.

(5) Manage the central government’s fiscal expenditures; formulate and implement government merger and acquisition policies; manage the non-trade foreign exchange of administrative agencies, institutions and social groups within the fiscal budget and the balance of payments within the fiscal budget ; Formulate expenditure standards and expenditure policies that need to be unified across the country; formulate and implement "Financial Rules for Public Institutions" and "Financial Rules for Administrative Units"; formulate financial systems for capital construction.

(6) Formulate and implement distribution policies between the state and enterprises, and manage the expenditures of central financial support enterprises; formulate and organize the implementation of the "General Financial Principles for Enterprises"; be responsible for supervising the finances of enterprises directly under the central government and managing state-owned capital gains ; Summarize and analyze the annual financial accounts of enterprises across the country; Responsible for the administrative management of the asset appraisal industry.

(7) Handle and supervise the central government’s economic development expenditures, financial allocations for central investment projects, central government investment in potential transformation funds and new product trial production fees; be responsible for comprehensive agricultural development; formulate and supervise the implementation of the " General Principles of Corporate Finance.

(8) Manage central fiscal social security expenditures; formulate financial management systems for social security funds; organize and implement financial supervision over the use of social security funds.

(9) Formulate and implement the government’s policies, regulations, and management measures for domestic debt management, and prepare treasury bond issuance plans; formulate the government’s policies, regulations, and management methods for foreign debt management; undertake foreign government loans , foreign negotiations and consultations on World Bank loans, Asian Development Bank loans and Japan Export-Import Bank loans; representing the Chinese government in international financial organizations.

(10) Formulate and supervise the implementation of accounting rules and regulations, "Business Accounting Standards", formulate and supervise the implementation of accounting systems for the government's general budget, administrative and public institutions and sub-industries; guide and supervise certified public accountants and accountants Business of the firm; guidance and management of social audit; approval of the establishment of representative offices of foreign accounting companies in China.

(11) Supervise the implementation of fiscal and taxation policies, laws and regulations; inspect and reflect major issues in fiscal revenue and expenditure management; propose policy suggestions for strengthening fiscal management; manage the financial ombudsman office.

(12) Formulate financial scientific research and education plans; organize financial talent training; be responsible for financial information and financial publicity work.

(13) Undertake other matters assigned by the State Council.

2. How many departments and bureaus does the Ministry of Finance have?

(1) General Office. Responsible for the daily operation of the agency, undertaking information, news publicity, security and confidentiality, petitions, government affairs disclosure, etc. Responsible for the finance, government procurement, and state-owned assets management of agencies and directly affiliated units.

(2) Policy Research Office. Put forward specific suggestions and supervise the implementation of the department's implementation of major decisions and arrangements for the central financial and economic work. Research major issues in economic, social and fiscal work, put forward suggestions on fiscal and taxation reforms and important fiscal and taxation policies, and put forward suggestions on fiscal support for reform and development in related fields.

(3) Comprehensive Department. Analyze and predict the macroeconomic situation and propose macroeconomic control policy recommendations, as well as mid- and long-term fiscal planning recommendations. Organize the construction of financial information database. Organize the formulation of government procurement service system. Propose income distribution policy recommendations and reform plans. Manage housing reform and security funding. Work with relevant parties to formulate revenue and expenditure policies for the transfer of state-owned resources such as land, sea areas, islands, and minerals. Responsible for lottery management related work.

Responsible for the work related to cleaning up and standardizing civil servants' allowances and subsidies. Manage fiscal notes.

(4) Law Division. Draft relevant laws, administrative regulations and rules. Responsible for the legality review of relevant regulatory documents of the agency. Organize financial law popularization work. Responsible for major administrative penalty hearings, administrative reconsideration, administrative response, etc.

(5) Department of Taxation. Organize the drafting of tax laws, administrative regulations and implementation details. Propose suggestions on increases and decreases in tax types, adjustments to tax items and tax rates, tax reductions and exemptions, and tax policy adjustment plans. Undertake work related to foreign-related tax negotiations and formulate international tax agreements and model agreements. Carry out tax source investigation and analysis. Organize the formulation of government non-tax revenue management systems and policies, and undertake related work such as the management of government funds and administrative fees.

(6) Tariff Department (Office of the Tariff Commission of the State Council). Organize the drafting of tariff laws, administrative regulations and implementation details. Propose adjustments to tariff items and tax rates. Propose tariff and import tax policy recommendations. Formulate tariff negotiation plans, undertake relevant tariff negotiation work, and put forward suggestions for the imposition of special tariffs.

(7) Budget Department. Propose suggestions on fiscal policies, fiscal systems, budget management systems, and government debt management systems, and organize the preparation of medium-term fiscal plans. Prepare annual central budget and final accounts drafts and budget adjustment plans, and organize the preparation and review of the central government's general public budget, government fund budget, state-owned capital operation budget, and social insurance fund budget. Organize the construction of central department expenditure standard system and project database management. Responsible for transfer payments from the central government to local governments and summarizing annual local fiscal budgets. Responsible for government debt management related work.

(8) Treasury Department (Government Procurement Management Office). Organize budget execution, monitoring and analysis forecasting. Formulate the general financial budget accounting system. Organize the formulation of treasury management and centralized treasury collection and payment systems. Organize and implement centralized collection of government non-tax revenue into the treasury. Manage financial and budget unit accounts, financial accounts and general accounting. Formulate a government financial report preparation system and organize its implementation. Responsible for treasury cash management related work. Responsible for the issuance and redemption of government domestic debt and other related management work. Formulate and supervise the government procurement system, and undertake negotiations for the opening of the government procurement market.

(9) Department of National Defense. Responsible for the work related to departmental budgets and budget expenditures in related fields such as the military, military industry, and military-civilian integration development, and put forward relevant fiscal policy recommendations. Formulate relevant financial management systems for military scientific research institutions. Work with relevant parties to study and formulate pricing and negotiation rules for military products.

(10) Economic Construction Department. Responsible for departmental budgets and budget expenditures in related fields such as industry, transportation, energy, commerce, food and material reserves, construction, emergency response, etc., and put forward relevant fiscal policy recommendations. Handle central financial allocations for infrastructure investment, participate in the formulation of relevant policies, and formulate infrastructure financial management systems. Responsible for the financial management of policy subsidies and special reserves. Responsible for the work related to the three central enterprises of railways, postal services, and tobacco, for which the Ministry of Finance performs investor responsibilities on behalf of the State Council.

(11) Department of Administrative Politics and Law. Responsible for the work related to departmental budgets and budget expenditures in related fields such as administration, politics and law, diplomacy, international development, and economic and trade cooperation, and put forward relevant fiscal policy recommendations. Formulate a financial management system for administrative funds and propose expenditure standards and quotas. Formulate a living treatment system for personnel who go abroad (border) on official business and personnel of institutions stationed in Hong Kong and Macao. Handle work related to the national finance's payment of dues and donations to international organizations. Responsible for uniform dress management.

(12) Department of Science, Education and Culture (Office of the Central Leading Group for Supervision and Administration of State-owned Assets of Cultural Enterprises). Responsible for the work related to departmental budgets and budget expenditures in related fields such as publicity, culture and tourism, science and technology, education, sports, etc., and put forward relevant fiscal policy recommendations. Responsible for the work related to central cultural enterprises where the Ministry of Finance performs investor responsibilities on behalf of the State Council. Develop a general financial management system for public institutions. Manage the central government's population-based science and technology funds and central government education funds for universities and colleges. Responsible for the daily work of the Central Cultural Enterprise State-owned Assets Supervision and Administration Leading Group.

(13) Department of Social Security. Responsible for the work related to department budgets and budget expenditures in related fields such as human resources and social security, civil affairs, health, veterans' affairs, medical security, etc., and propose relevant fiscal policy recommendations. Work with relevant parties to formulate relevant capital (fund) financial management systems. Review and compile drafts of the national social insurance fund budget and final accounts. Responsible for the financial supervision of social insurance funds.

(14) Department of Natural Resources and Ecological Environment. Responsible for the work related to departmental budgets and budget expenditures in related fields such as natural resources, ecological environment, forestry and grassland, etc., and proposes to promote resource conservation, land consolidation, ecological protection and restoration, pollution prevention and control, nuclear and radiation safety, oceans, surveying and mapping, national park construction, etc. fiscal policy recommendations. Participate in the formulation of development plans and policies in the fields of natural resources and ecological environment.

(15) Department of Agriculture and Rural Affairs. Responsible for departmental budgets and budget expenditures in related fields such as agriculture and rural areas, water conservancy, meteorology, poverty alleviation, etc., and put forward relevant fiscal policy recommendations. Responsible for the work related to financial support for the implementation of the rural revitalization strategy, and overall arrangement of financial poverty alleviation funds. Propose suggestions on policies and measures for comprehensive rural reform. Responsible for the related work of Heilongjiang Beidahuang Agricultural Reclamation Group Corporation, where the Ministry of Finance performs the investor's duties on behalf of the State Council.

(16) Asset Management Department.

Formulate state-owned assets management rules and regulations for administrative institutions, corporate financial systems, and preparation methods for corporate financial accounting reports and organize their implementation. Promote the centralized and unified supervision of operating state-owned assets of central administrative institutions. Implement state-owned assets management status reporting work. Responsible for work related to asset evaluation and management.

(17) Department of Finance. Responsible for coordination and cooperation between fiscal policy and monetary policy, financial supervision, and financial system reform. Formulate state-owned financial capital management rules and regulations, and undertake work related to central state-owned financial capital contributors. Responsible for the work related to financial department budgets and formulating financial systems for financial enterprises and financial management departments. Formulate policies related to policy finance and inclusive finance. Responsible for the management of government foreign debt. Work with relevant parties to formulate measures for the investment management of national social security funds. Formulate a government-social capital cooperation system in the field of public services.

(18) Department of International Economic Relations (Hong Kong, Macao and Taiwan Office). Research and analyze major issues in international economic relations. Responsible for matters related to international multilateral and bilateral financial cooperation and dialogue. Responsible for the foreign affairs management of the Ministry of Finance. Undertake cooperation and exchange matters involving Hong Kong, Macao and Taiwan.

(19) Department of International Financial Cooperation. Research and analyze major issues in international financial cooperation. Responsible for the investment and financing, development assistance, technical assistance, economic monitoring, fund management, etc. of international financial organizations. Manage loans (grants) from multilateral development agencies and foreign governments in accordance with regulations. Responsible for the office of Chinese directors and executive boards of international financial organizations.

(20) Accounting Department. Develop and organize the implementation of a unified national accounting system. Guide the work related to the construction of accounting talent team, and undertake the management of accounting professional and technical qualifications in accordance with regulations. Guide and supervise the business work of certified public accountants, accounting firms, and accounting agencies.

(21) Supervision and Evaluation Bureau. Responsible for supervising the implementation of fiscal and taxation regulations and policies and budget management. Responsible for supervising and inspecting the quality of accounting information and the professional quality of certified public accountants and asset appraisal industries. Responsible for budget performance evaluation related work.

(22) Department of Personnel and Education. Responsible for the cadre personnel, organizational establishment and other work of agencies, dispatched agencies and directly affiliated units. Guide the construction and education and training of talent teams in the financial system. Responsible for the inspection work of agencies, dispatched agencies and directly affiliated units. Party committee of the agency. Responsible for party and mass work in agencies and directly affiliated units in Beijing. Bureau of Retired Cadres. Responsible for the work of retired cadres.