1. Different functions: The Finance Bureau is mainly responsible for macro-control, formulation and implementation of monetary policies and management of the foreign exchange market. The Banking Regulatory Bureau focuses on the supervision of commercial banks to ensure their compliance, and strengthens the risk prevention and control of commercial banks by formulating relevant rules and regulations.
2. Different organizational structure: The Financial Bureau is one of the subordinate institutions of the People's Bank of China (the central bank), directly under the leadership of the central bank, and concurrently served by the governor of the central bank. The Banking Regulatory Bureau is a subsidiary of the Bank of China Insurance Regulatory Commission (China Banking and Insurance Regulatory Commission, China) and is headed by President China Banking and Insurance Regulatory Commission.
3. Different legal basis: The legal basis of the Finance Bureau mainly includes the Law of the People's Republic of China on the People's Bank of China and the Regulations of People's Republic of China (PRC) on Foreign Exchange Control. The Banking Regulatory Bureau shall carry out its work in accordance with the People's Republic of China (PRC) Commercial Bank Law, the People's Republic of China (PRC) Deposit Insurance Regulations and other relevant laws and regulations.