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What's the difference between China Bank and China People's Bank?
First, the nature is different.

Bank of China: The full name of China Bank is China Bank Co., Ltd., and it is one of the five state-owned commercial banks (China Industrial and Commercial Bank, China Bank, China Agricultural Bank, China Construction Bank and Bank of Communications).

China People's Bank: It is the central bank of People's Republic of China (PRC), referred to as "the central bank", which belongs to People's Republic of China (PRC) and the State Council and is an integral part of it.

Second, the role is different.

China Bank is a state-owned commercial bank, and its role is naturally reflected in the word "business". The People's Bank of China is an integral part of the State Council. Under the leadership of the State Council, it independently formulates and implements monetary policies, prevents and defuses financial risks, and maintains the stability of financial markets, without interference from local governments, social organizations and individuals.

Third, the service direction is different.

The service direction of China Bank is business and market, while the service direction of China People's Bank is social economy and people's livelihood.

Finally, to sum up, Bank of China is the dual leader of the CBRC and the central bank, with the CBRC mainly in charge of people and the central bank mainly in charge of money. The central bank is the head of all commercial banks, including the Bank of China. The central bank is responsible for implementing the country's monetary policies, such as printing money, managing foreign exchange, managing the national treasury and stabilizing the market. Commercial banks mainly carry out corporate operations and rely on deposits and loans to earn profits.

The Bank of China is a special enterprise, while the central bank is a semi-government institution, which is the biggest difference between them.