1. Different ownership: China Bank is a commercial bank, and China People's Bank is the central bank.

2. Different service directions: China Bank's service direction is business and market, while People's Bank's service direction is social economy and people's livelihood.

3. 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; It owns holding financial institutions such as Bank of China, Bank of China International and Bank of China Insurance, and provides financial services to individuals and corporate customers around the world.

Under the leadership of the State Council, the People's Bank of China independently formulates and implements monetary policies, prevents and resolves financial risks, maintains the stability of financial markets, and gives full play to its role without interference from local governments, social organizations and individuals.

4. The right to issue currency is different: Bank of China cannot issue currency, while People's Bank of China can issue currency.

Extended information:

1. The People's Bank of China is the central bank of China. It is a state organ that formulates and implements monetary policy under the leadership of the State Council, and it is an integral part of our government. Therefore, the nature of the central bank is a government agency.

The central bank, known as the "bank of banks", is the leading force of banking and financial institutions in China. It has an extremely important function. ?

(1) Formulating and implementing monetary policy according to law is an important tool for national macro-control. ?

(2) Issue RMB and manage its circulation. The right to issue RMB in China belongs to the state, and the state authorizes the People's Bank of China to issue RMB uniformly. The head office of the People's Bank of China is the only financial institution that issues RMB. The People's Bank of China is also responsible for the deposit and withdrawal of money. ?

(3) Managing the national treasury. (1) As the branches of the People's Bank of China are all over the country, the timely payment of fiscal revenue and expenditure can be guaranteed by the banks that manage the national treasury. (2) The national treasury is actually the competent authority of national financial revenue and expenditure. Our national treasury is managed by the People's Bank of China according to law. ?

(4) The functions of holding, managing and operating the national foreign exchange reserves and gold reserves. ?

Second, the functions of commercial banks in modern economic activities mainly include six functions: credit intermediary, payment intermediary, credit creation, financial services, economic regulation and risk management.

1. Credit intermediary Credit intermediary is the most basic function of commercial banks, which can best reflect the characteristics of their business activities.

It concentrates all kinds of idle business in the society on the bank through the debt business of the bank, and then invests in various departments that need funds through the asset business.

As an intermediary between idle funds and short funds, commercial banks realize financing. Giving full play to the role of credit intermediary can turn idle money into capital, make full use of idle money and meet the social demand for long-term funds.

2. Payment intermediary

Payment intermediary refers to the activities that commercial banks use current deposit accounts to handle various currency settlement, currency receipt and payment, currency exchange and deposit transfer for customers.

Payment intermediary is the traditional function of commercial banks. With this function, commercial banks become fund custodians, cashiers and payment agents of industrial and commercial enterprises, governments and families.

3. Credit generation

On the basis of credit intermediary and payment intermediary, commercial banks have the function of credit creation.

Credit creation means that commercial banks use the favorable conditions of absorbing demand deposits to obtain more deposits by issuing loans or engaging in investment business, thus expanding the social money supply.

Commercial banks create and contract demand deposits through their own credit activities, and demand deposits are the main part of money supply. Therefore, commercial banks can circulate debt as money, thus having the function of credit creation.

4. Financial services

Financial services are other services provided by commercial banks to customers by using their special position in national economic activities, obtaining a lot of information in the process of providing credit intermediary and payment intermediary services, and then using technical means and tools such as computer networks.

For example, providing consulting services for enterprises and providing decision support services.

Adjust the economy

Adjusting the economy means that commercial banks adjust the shortage of funds in various fields of society through their credit intermediary activities, and at the same time adjust the economic structure, consumption and investment ratio and industrial structure under the guidance of the central bank's monetary policy and other national macro policies.

In addition, commercial banks can adjust their balance of payments through their financing activities in the international market.

6. Risk management

By borrowing high-risk funds and issuing low-risk indirect securities to depositors, commercial banks actually assume the risk arbitrage function of financial markets.

When banks use borrowed funds to issue loans to other fund demanders, they actually undertake the function of managing credit risk and market risk.

It is through the management of these risks that commercial banks obtain deposit-loan spreads and form their profit sources.