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Is China People's Bank Nanjing Branch powerful?
It's huge.
1. Nanjing Branch of the People's Bank of China, as an agency of the People's Bank of China, has considerable powers and responsibilities.
2. According to the Law of the People's Republic of China on the People's Bank of China and other relevant laws and regulations, Nanjing Branch of the People's Bank of China exercises the following functions and powers in Jiangsu Province and Anhui Province: implementing monetary policy, promoting local economic development, maintaining financial stability, preventing and defusing financial risks, supervising and managing financial markets, and maintaining financial market order.
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