The People's Bank of China is the national financial administrative organ in charge of monetary policy, which is mainly responsible for currency issuance, formulation and implementation of monetary policy, financing for financial institutions, supervision and management of domestic financial institutions, maintenance of financial market order and monetary stability, and custody of treasury funds as an agent. Its regulatory direction is relatively macro.
China Banking Regulatory Commission was once a part of the People's Bank of China, and it became independent on June 5438+065438+ 10, 2003. It is a ministerial organization directly under the State Council, responsible for the unified supervision of deposit-taking financial institutions such as banks, asset management companies and trust and investment companies. Its regulatory focus is mainly on the compliance of banking business, focusing on the operational level, relatively micro;
The regulatory functions of China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission are quite clear, and they also supervise banking, finance, insurance and related industries, securities and futures respectively.