First, the nature is different.

Bank of China: The full name of China Bank is China Bank Co., Ltd., and it is one of the five state-owned commercial banks (China Industrial and Commercial Bank, China Bank, China Agricultural Bank, China Construction Bank and Bank of Communications).

China People's Bank: It is the central bank of People's Republic of China (PRC), referred to as "the central bank", which belongs to People's Republic of China (PRC) and the State Council and is an integral part of it.

Obviously, the Bank of China and the People's Bank of China are completely different in nature. The former is a commercial bank and the latter is a central bank.

Second, the role is different.

Different properties also determine different functions. China Bank is a state-owned commercial bank, and its role is naturally reflected in the word "business". Its business scope involves commercial banks, investment banks, insurance and aviation leasing. Its subsidiaries include Bank of China Hong Kong, Bank of China International, Bank of China Insurance and other holding financial institutions, providing financial services to individuals and corporate customers on a global scale.

The People's Bank of China is an integral part of the State Council. Under the leadership of the State Council, it independently formulates and implements monetary policies, prevents and defuses financial risks, and maintains the stability of financial markets, without interference from local governments, social organizations and individuals. Third, the service direction is different. The service direction of China Bank is business and market, while the service direction of China People's Bank is social economy and people's livelihood. Generally speaking, the central bank (People's Bank of China) is the highest monetary and financial management institution in a country, and occupies a dominant position in the financial systems of various countries. The function of the central bank is to formulate and implement monetary policies, maintain financial stability and provide financial services.

It is a "currency issuing bank" and plays an important role in regulating the money supply and stabilizing the currency value. It is a "bank of banks", which centrally keeps the reserves of banks, organizes nationwide liquidation and acts as the lender of last resort for commercial banks; It is a "national bank", acting as an agent for the national treasury, keeping foreign exchange and gold reserves, and engaging in international financial activities on behalf of the government. The fundamental difference between the central bank and other financial institutions is that the business of the central bank is not profitable. The central bank of China is the People's Bank of China.

China Bank is one of the state-owned commercial banks, similar to CCB, ABC and ICBC. That is, their legal status and functional scope are different. China People's Bank is the central bank and China Bank is a state-owned commercial bank.