The office of the State Council Financial Stability and Development Committee is located in the People's Bank of China. Accept the direct leadership of the Finance Committee, undertake the daily work of the Finance Committee, be responsible for promoting the implementation of the decision-making arrangements of the CPC Central Committee and the State Council on financial work and the work arrangements of the Finance Committee, and organize the drafting of major plans for the reform and development of the financial industry.
Put forward major policy suggestions to prevent and deal with systemic financial risks and maintain financial stability, coordinate the establishment of central and local financial supervision, risk disposal, consumer protection, information sharing and other collaborative mechanisms, undertake specific work to guide local financial reform, development and supervision, formulate accountability measures for financial management departments and local financial supervision, and undertake regulatory accountability. The Finance Committee Office shall set up a Secretariat Bureau to handle the daily affairs of the Finance Committee Office.
The internal organs of the People's Bank of China shall undertake the relevant work of the Finance Committee Office according to the work needs, and accept the overall coordination of the Finance Committee Office. In the course of performing its duties, the People's Bank of China implements the principles, policies and decision-making arrangements of the CPC Central Committee on financial work, and upholds and strengthens the Party's centralized and unified leadership over financial work.
Supervision and audit
Banking law is the legal basis of banking supervision. The purpose of bank supervision is to ensure the vitality of the banking system and protect the interests of depositors by monitoring the credit and liquidity of banking institutions. In addition, the People's Bank of China plays a particularly important role in China's financial reform.
The People's Bank of China supervises financial institutions by analyzing periodic reports and on-site audits.
Closely related to bank supervision is the supervision of payment system. The central bank has the responsibility to maintain the normal operation of the national payment, clearing and settlement system. The People's Bank of China has always been committed to developing its own payment system and working closely with other banking institutions to make the payment systems operated by these financial institutions more efficient and secure.
The People's Bank of China is improving its ability to closely monitor the daytime positions of banks in the payment system.
The above contents refer to Baidu Encyclopedia-China People's Bank.