What is the relationship between the People's Bank of China and the China Banking Regulatory Commission? Which one has more power?

Now there is no superior-subordinate relationship, and there is no talk of power. The China Banking Regulatory Commission was directly under the State Council by the People's Bank of China in 2003 and is now independent of the People's Bank of China. In China, the People's Bank of China, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission jointly play the role of a complete central bank. At present, the People's Bank of China is mainly responsible for macro supervision and management, including annual credit extensions to financial institutions (banks, securities companies, etc.), deposit and loan interest rates, and formulation of relevant financial and monetary policies. The China Banking Regulatory Commission mainly goes to the supervision departments of banks, which is micro-supervision.

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The nature and status of the People's Bank of China: The People's Bank of China is the central bank of the People's Republic of China. The People's Bank of China, under the leadership of the State Council, formulates and implements monetary policies to prevent and resolve financial risks and maintain financial stability. The central bank carries out financial supervision on behalf of the country. It is a special financial institution with the nature of a national institution. It has dual properties of primary and secondary. On the one hand, the central bank is a bank, but not an ordinary bank, but a special bank; on the other hand, the central bank is a national institution, but it is not a general national institution, but a special national institution.

The concept of the China Banking Regulatory Commission. The full Chinese name of the China Banking Regulatory Commission is "China Banking Regulatory Commission", and its English name is "China Banking Regulatory Commission", hereinafter referred to as the China Banking Regulatory Commission. The China Banking Regulatory Commission was established on April 25, 2003. It is a ministerial-level agency directly authorized by the State Council to uniformly supervise and manage banks, financial asset management companies, trust investment companies and other deposit-taking financial institutions, and safeguard their legal operating rights. and the stable operation of the bank. The China Banking Regulatory Commission has established 36 banking regulatory bureaus in 31 provinces (municipalities and autonomous regions) and 5 cities under separate state planning (Dalian, Ningbo, Xiamen, Qingdao, Shenzhen), and has established banking regulatory branch offices (cities) and regulatory agencies in 306 prefectures (states). Institutions are located in 1,730 counties (cities). About 1,000 people are recruited every year, which is part of the recruitment of national civil servants. Recruitment is carried out in accordance with the Civil Servant Law and relevant regulations on civil servant recruitment.

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