How to summarize the position of the People's Bank of China in China's financial system and economic system expression

1. The People's Bank of China is the central bank of the People's Republic of China*** and the State. Under the leadership of the State Council, the People's Bank of China formulates and implements monetary policy, prevents and resolves financial risks, and maintains financial stability.

2. The People's Bank of China shall submit to the Standing Committee of the National People's Congress a working report on the situation of monetary policy and financial supervision.?

3. Decisions made by the People's Bank of China on the annual money supply, interest rates, exchange rates and other important matters prescribed by the State Council shall be reported to the State Council for approval and implementation. Decisions made by the People's Bank of China on other matters relating to monetary policy shall be implemented after they are made and reported to the State Council for the record.

4. The People's Bank of China independently implements monetary policy under the leadership of the State Council in accordance with the law, performs its duties and carries out its business without interference from local governments, government departments at all levels, public organizations and individuals, and has relative independence.

5. The People's Bank of China implements the system of responsibility of the governor. The choice of the governor shall be decided by the Chinese People's Congress on the basis of the nomination of the Premier of the State Council; when the Chinese People's Congress is not in session, it shall be decided by the Standing Committee of the Chinese People's Congress, and the President of the People's Republic of China shall appoint or remove him or her; and the vice-governors shall be appointed or removed by the Premier of the State Council.

6. The People's Bank of China shall implement an independent financial and budgetary management system. However, it shall implement the laws, administrative regulations and the unified national financial accounting system, and accept the auditing and supervision by the auditing organs of the State Council and the financial departments respectively in accordance with the law.

Expanded Information

Central Bank - the background:

1, the rapid development of the commodity economy at the beginning of the 18th century, the western countries began the industrial revolution, the rapid development of social productive forces and the rapid expansion of the commodity economy, prompted the The money business industry is more and more common, and increasingly profitable, thus giving rise to the desire to control monetary wealth.

2. The frequent emergence of capitalist economic crises and the inherent contradictions in the capitalist economy inevitably led to successive economic crises. Faced with the situation at that time, the bourgeois government began to look for the reasons from the monetary system, and attempted to control, avoid and save the frequent economic crises by issuing bank notes.

3. The widespread establishment of commercial banks was accompanied by the rapid development of the commodity economy and the gradual flourishing of the banking industry. The rapid development of the commodity economy and the rise of the capitalist mode of production in continental Europe to promote the money changers into commercial banks at the same time also accelerated the emergence of new banks.

4, monetary credit and economic relations universalization. The capitalist industrial revolution prompted an unprecedented increase in productive forces, and the increase in productive forces prompted a boom in capitalist banking and credit.

Baidu Encyclopedia - People's Bank of China

Baidu Encyclopedia - Central Bank