I. the State Council Financial Stability Development Committee
The State Council Financial Stability and Development Committee is responsible for the overall coordination of major policies in the financial sector, promoting the reform of the financial supervision system, studying major outstanding issues in the financial sector, and promoting the coordinated development of finance and the real economy. As the top design and coordination organization of financial supervision, it plays a vital role in ensuring the consistency and effectiveness of financial supervision policies.
Two. People's Bank of China
As the central bank of China, China People's Bank is mainly responsible for the formulation and implementation of monetary policy, financial market supervision, payment and settlement system operation and foreign exchange management. It influences the financial market and the real economy by adjusting interest rates, exchange rates and other monetary policy tools, and achieves the monetary policy objectives. At the same time, the People's Bank of China is also responsible for the supervision of banking financial institutions to ensure that their business operations are compliant and stable.
Three. State financial supervision administration
The State Financial Supervision Administration is responsible for the unified supervision of the financial industry, including banks, insurance, trusts and other financial institutions. Supervise the market access, business operation and risk management of financial institutions, ensure that financial institutions operate in compliance, and prevent and resolve financial risks. The General Administration is also responsible for coordinating cross-market and cross-industry financial supervision and promoting the healthy development of the financial market.
4. China Securities Regulatory Commission
China Securities Regulatory Commission is responsible for supervising the securities market, including stock market, bond market and futures market. China Securities Regulatory Commission supervises the issuance and trading of securities by formulating and implementing securities market rules, protects the rights and interests of investors, and maintains the fairness, justice and transparency of the securities market. At the same time, the CSRC is also responsible for the supervision of securities companies, fund companies and other securities market participants to ensure their business compliance and standardization.
To sum up:
The financial supervision system, one committee, one line, one bureau and one meeting, is the core component of China's financial supervision structure, and each one plays an important role in financial supervision. By strengthening financial supervision, we can prevent and resolve financial risks and maintain the stability and development of financial markets. At the same time, it also helps to improve the risk management level and operational efficiency of financial institutions and promote the coordinated development of finance and the real economy.
Legal basis:
Banking Supervision Law of the People's Republic of China
Article 2 provides that:
The State Council Banking Regulatory Authority is responsible for the supervision and management of banking financial institutions and their business activities throughout the country. The banking financial institutions mentioned in this Law refer to commercial banks, urban credit cooperatives, rural credit cooperatives and other financial institutions and policy banks established in People's Republic of China (PRC) to absorb public deposits. The provisions of this Law on the supervision and management of banking financial institutions shall apply to the supervision and management of financial asset management companies, trust and investment companies, finance companies, financial leasing companies and other financial institutions established with the approval of the banking regulatory authority of the State Council.
Law of the People's Bank of China of the People's Republic of China
Article 4 provides that:
The People's Bank of China performs the following duties: issuing orders and regulations related to the performance of duties; Formulating and implementing monetary policies according to law; Issue RMB and manage the circulation of RMB; Supervise and manage the interbank lending market and the interbank bond market; Implement foreign exchange management and supervise and manage the inter-bank foreign exchange market; Supervise and manage the gold market; Holding, managing and operating national foreign exchange reserves and gold reserves; Manager's vault; Maintain the normal operation of the payment and settlement system; Guide and deploy the anti-money laundering work in the financial industry, and be responsible for monitoring the anti-money laundering funds; Responsible for the statistics, investigation, analysis and forecast of the financial industry; As the central bank of the country, it is engaged in relevant international financial activities; Other duties stipulated by the State Council. In order to implement monetary policy, the People's Bank of China may engage in financial business activities in accordance with the relevant provisions of Chapter IV of this Law.
People's Republic of China (PRC) Securities Law
Article 7 provides that:
The State Council Securities Regulatory Authority shall exercise centralized and unified supervision and management over the national securities market according to law. The State Council securities regulatory authority may set up representative offices as required to perform supervision and management duties as authorized.