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What are the units directly under the People's Bank of China? What is its nature?
nature: China people's bank is an integral part of the State Council, and it belongs to the administrative unit at ministerial level. The nature of subordinate institutions is more complicated, and some are institutions, such as the service center of the People's Bank of China; Some are of an enterprise nature, such as China Banknote Printing and Minting Corporation; There are also administrative agencies, such as the internal departments of the People's Bank of China. Indeed, it is not an enterprise. As the central bank, the People's Bank of China is not an enterprise in itself, and it is not for profit.
The Law of the People's Bank of China clearly stipulates the nature and legal status of the central bank of China:
1. 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, formulated and implemented monetary policies to prevent and resolve financial risks and maintain financial stability.
2. The People's Bank of China shall submit a work report on monetary policy and financial supervision to the NPC Standing Committee.
3. The decisions made by the People's Bank of China on the annual money supply, interest rate, exchange rate and other important matters stipulated by the State Council shall be implemented after being reported to the State Council for approval. After the People's Bank of China makes a decision on other monetary policy matters, it will be implemented and reported to the State Council for the record.
4. The People's Bank of China, under the leadership of the State Council, independently implements monetary policies, performs its duties and conducts its business without interference from local governments, government departments at all levels, social organizations and individuals, and is relatively independent.
5. The People's Bank of China implements the president responsibility system. The candidate for the president shall be nominated by Premier the State Council and decided by the China Municipal People's Congress; When the China Municipal People's Congress is not in session, it shall be decided by the Standing Committee of the China Municipal People's Congress and appointed or removed by the Chinese People's Republic of China. Vice President is appointed and removed by Premier the State Council.
6. The People's Bank of China implements an independent financial budget management system. However, laws, administrative regulations and the unified national financial accounting system shall be implemented, and they shall be subject to the auditing and supervision conducted by the auditing organ and the financial department of the State Council respectively according to law.
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