The People's Bank of China can manage other banks. The People's Bank of China is the central bank, which formulates and implements monetary policies in accordance with the law, prevents and defuses financial risks and maintains financial stability. In order to implement the monetary policy and perform its duties, the People's Bank of China reserves nine on-site inspection rights, that is, it can conduct administrative supervision over commercial banks. In addition, the People's Bank of China is the national administrative department in charge of anti-money laundering and credit investigation, and the custodian institution of the State Administration of Foreign Exchange. When it comes to the above business, it has administrative power over all commercial banks, securities institutions, insurance institutions, other units and individuals.

The difference between China Bank and China People's Bank.

1. Different names and different positioning: China Bank is one of the four state-owned commercial banks in China. Its English name is Bank of China, or BOC for short. Approved by Dr. Sun Yat-sen, it was formally established on February 5, 19 12. The head office is located at 1, Fuxingmennei Street, Beijing. It is a large state-owned bank managed by the central government and a national deputy ministerial unit. 1 948 65438+February1day, China People's Bank formally merged on the basis of North China Bank, Beihai Bank and Northwest Farmers Bank. The bank plans to gradually reorganize the banks in the liberated areas into regional banks and branches. The head office will set up Shijiazhuang first and then move to Beijing. Its establishment marks the basic formation of China's unified financial system. The Northeast Branch, Northwest Branch, North China Branch, Central South Branch and its provincial and municipal administrative branches and county branches under the People's Bank of China have become the leading financial centers in China. China People's Bank notes (RMB for short) are issued as the bookkeeping base currency in North China, East China and Northwest China. At the same time, it is planned to gradually recover the original currency issued by the liberated areas at different parity, so that the RMB will basically become the unified currency of the liberated areas throughout the country. The first set of RMB was issued from May 1955 to the end of circulation.

Second, the difference between business and function: China Bank is mainly engaged in corporate finance business, personal finance business, financial market business and other expansion business. The People's Bank of China mainly formulates and implements monetary policies according to law; Issue and manage the circulation, delivery and withdrawal of RMB; Hold, manage and manage the national foreign exchange and gold reserves.

Third, the difference between regulators: China Bank is managed by the People's Bank of China and supervised by the China Banking Regulatory Commission. The State Council is directly under the People's Bank of China.