Current location - Loan Platform Complete Network - Foreign exchange account opening - What is the relationship between the central bank and the Ministry of Finance? Who has a higher rank? I always feel that both exist at the same time, and there is a sense of repetition. ...
What is the relationship between the central bank and the Ministry of Finance? Who has a higher rank? I always feel that both exist at the same time, and there is a sense of repetition. ...
Baidu has relevant answers. In reposting:

The central bank and the Ministry of Finance are two different institutions.

The People's Bank of China manages monetary and financial policies, the total amount of RMB currency, formulates monetary policies, manages foreign exchange reserves and gold reserves, and carries out financial macro-control.

The Ministry of Finance mainly manages the country's fiscal policies, that is, the expenditures and taxes of government departments, as well as the management of national debt.

In other words, the People's Bank of China manages China's currency and economy, and the Ministry of Finance manages the government's accounts.