Differences between China Bank and People's Bank of China:

1. Different legal status

The People's Bank of China is the central bank of the People's Republic of China, which is a department of the People's Republic of China and the State Council. Under the leadership of the State Council, he will independently implement monetary policy, perform his duties and conduct business without interference from local governments, social organizations and individuals.

Bank of China is one of the state-owned commercial banks, which is similar to CCB, ABC and ICBC. It is a large state-owned bank managed by the central government and a state-owned financial institution under the leadership of China Production Party.

2. The nature of making profits is different

The People's Bank of China does not aim at making profits, but mainly supports China's industrial development.

China Bank is a commercial bank, an enterprise legal person whose main business objective is bank profits, and its nature is special.

3. The nature of business is different

The People's Bank of China is a government agency, a bank that implements national monetary and financial policies, and does not handle business privately.

Bank of China is a commercial bank, and its business is for profit. Just like ordinary state-owned enterprises, they only use financial enterprises with profitable lending business.

Extended information:

According to the relevant laws and regulations, the main duties of the People's Bank of China are:

(1) To formulate the strategic plan for the reform and development of the financial industry, undertake the responsibility of comprehensively studying and coordinating the solution of major problems in financial operation, and promote the coordinated and healthy development of the financial industry, participate in evaluating the impact of major financial mergers and acquisitions on national financial security and put forward policy suggestions to promote the orderly opening of the financial industry. ?

(2) to draft relevant laws and administrative regulations, improve the operating rules of relevant financial institutions, and issue orders and regulations related to the performance of duties.

(3) to formulate and implement monetary policies according to law; Formulate and implement macro-credit guiding policies.

(4) improve the financial macro-control system, be responsible for preventing and defusing systemic financial risks, and safeguard national financial stability and security.

(5) Be responsible for formulating and implementing RMB exchange rate policy, constantly improving the exchange rate formation mechanism, maintaining the balance of international payments, implementing foreign exchange management, tracking and monitoring the international financial market and early warning of risks, monitoring and managing cross-border capital flows, and holding, managing and operating national foreign exchange reserves and gold reserves.

(6) supervise and manage the interbank borrowing market, the interbank bond market, the interbank bill market, the interbank foreign exchange market, the gold market and the related derivatives transactions in the above markets.

(7) to be responsible for formulating regulatory rules for financial holding companies and standards and norms for cross-cutting financial business together with financial regulatory authorities, and to be responsible for monitoring financial holding companies and cross-cutting financial instruments.

(8) assume the responsibility of lender of last resort, and be responsible for inspecting and supervising the use of the central bank's capital institutions for resolving financial risks.

(9) to formulate and organize the implementation of a comprehensive statistical system for the financial industry, be responsible for data collection, macroeconomic analysis and forecasting, uniformly compile national financial statistical data and statements, and publish them in accordance with relevant state regulations.

(1) to organize the formulation of information development plans for the financial industry, be responsible for the organization, management and coordination of financial standardization, and guide the information security of the financial industry.

(11) issue RMB and manage its circulation.

(12) to formulate the development plan of the national payment system, coordinate the construction of the national payment system as a whole, formulate payment and settlement rules in conjunction with relevant departments, and be responsible for the normal operation of the national payment and settlement system.

(13) manager's treasury.

(14) To be responsible for the organization, coordination, supervision and management of the national anti-money laundering work, and be responsible for the monitoring of funds suspected of money laundering and terrorist activities.

(15) manage the credit reporting industry and promote the establishment of a social credit system.

(16) engaging in international financial activities related to the business of the People's Bank of China.

(XVII) engaging in financial business activities in accordance with relevant regulations.

(18) to undertake other tasks assigned by the State Council.

References:

Baidu Encyclopedia-Bank of China

Baidu Encyclopedia-People's Bank of China.