China People's Bank was formed by the merger of North China Bank, Beihai Bank and Northwest Farmers Bank on June 1 948+February1. 1983 In September, the State Council decided that the People's Bank of China should exercise the functions of the national central bank exclusively. 1995 March 18, the third session of the Eighth National People's Congress passed the Law of the People's Republic of China on the People's Bank of China. So far, the People's Bank of China has been legally established as the central bank. The People's Bank of China, under the leadership of the State Council, formulated and implemented monetary policies to prevent and resolve financial risks and maintain financial stability.

The People's Bank of China shall perform the following duties:

(1) To issue orders and regulations related to the performance of duties;

(2) Formulating and implementing monetary policies according to law;

(3) Issuing RMB and managing its circulation;

(4) Supervise and manage the interbank lending market and the interbank bond market.

(five) the implementation of foreign exchange management, supervision and management of inter-bank foreign exchange market;

(six) supervision and management of the gold market;

(7) Holding, managing and operating the national foreign exchange reserves and gold reserves;

(8) Managing the national treasury;

(nine) to maintain the normal operation of the payment and settlement system;

(ten) to guide and deploy the anti-money laundering work in the financial industry and be responsible for monitoring the anti-money laundering funds;

(eleven) responsible for the statistics, investigation, analysis and forecast of the financial industry;

(twelve) as the central bank of the country, engaged in relevant international financial activities;

(thirteen) other duties stipulated by the State Council.

The full name of China Securities Regulatory Commission is China Securities Regulatory Commission.

The main responsibilities of China Securities Regulatory Commission are:

(1) To study and formulate the principles, policies and development plans of the securities and futures markets; Drafting laws and regulations on the securities and futures market; Formulate relevant rules and regulations of the securities and futures market.

(two) unified management of the securities and futures market, according to the provisions of the securities and futures regulatory agencies to implement vertical leadership.

(3) Supervising the issuance, trading, custody and liquidation of stocks, convertible bonds and securities investment funds; Approve the listing of corporate bonds; Supervise the trading activities of listed government bonds and corporate bonds.

(4) Supervising the listing, trading and liquidation of domestic futures contracts; Supervise domestic institutions to engage in overseas futures business according to regulations.

(five) to supervise the securities market behavior of listed companies and their shareholders who have the obligation of information disclosure.

(6) Managing securities and futures exchanges. Senior managers in charge of securities and futures exchanges according to regulations; Centralized management of securities association.

(seven) supervision of securities and futures institutions, securities investment fund management companies, securities registration and settlement companies, futures settlement institutions, securities and futures investment consulting institutions; Examining and approving the qualifications of fund custody institutions from the People's Bank of China, and supervising its fund custody business; To formulate measures for the administration of the qualifications of senior managers of the above-mentioned institutions and organize their implementation; Responsible for the qualification management of securities and futures practitioners.

(eight) to supervise the domestic enterprises to directly or indirectly issue shares and go public overseas; Supervise domestic institutions to set up securities business institutions abroad; Supervise overseas institutions to set up securities business institutions and engage in securities business in China.

(nine) to supervise the information dissemination activities of securities and futures, and to be responsible for the statistics of securities and futures markets and the management of information resources.

(ten) in conjunction with the relevant departments to examine and approve the qualifications of law firms, accounting firms, asset appraisal institutions and their members to engage in securities and futures intermediary business, and supervise their related business activities.

(eleven) to investigate and deal with illegal acts of securities and futures according to law.

(12) Centralized foreign exchange management and international cooperation in the securities and futures industry.

(thirteen) other matters assigned by the State Council.

China's financial industry implements the mode of "separate operation and separate supervision". Under the mode of "separate supervision", China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission perform their respective duties and supervise banking, securities and insurance respectively.