Functions of banks:
1. Credit intermediary. Payment intermediary 3. Credit creation. Adjust the economy. Provide various financial services.
Functions of the People's Bank of China:
1. Drafting relevant laws and administrative regulations; Improve the operating procedures of relevant financial institutions; Issue orders and regulations related to the performance of duties.
2. Formulate and implement monetary policy according to law.
3. Supervise and manage interbank lending market, inter-bank bond market, foreign exchange market and gold market.
4. Prevent and resolve systemic financial risks and maintain national financial stability.
5. Determine the RMB exchange rate policy; Maintain a reasonable RMB exchange rate level; Implement foreign exchange management; Hold, manage and operate the national foreign exchange reserves and gold reserves.
6. Issue RMB and manage the circulation of RMB.
7. Manager of the Ministry of Finance.
8. Formulate payment and settlement rules in conjunction with relevant departments to maintain the normal operation of the payment and settlement system.
9. Formulate and organize the implementation of a comprehensive statistical system for the financial industry, and be responsible for data collection and macroeconomic analysis and forecast.
10. Organize and coordinate the national anti-money laundering work, guide the deployment of anti-money laundering work in the financial industry, and assume the responsibility of monitoring anti-money laundering funds.
1 1. Manage the credit industry and promote the construction of social credit system.
12. As the central bank of the country, it is engaged in related international financial activities.
13. engage in financial business activities in accordance with relevant regulations.
14. To undertake other tasks assigned by the State Council.