The People's Bank of China is the central bank and macro-control department of the country, which shoulders the three pillar functions of "formulating and implementing monetary policies, maintaining financial stability and providing financial services" and undertakes the main responsibilities of 14.
The Ministry of Finance is the national macro-control and management department, in charge of fiscal revenue and expenditure, fiscal and taxation policies and state-owned capital foundation work, and also undertakes many specific responsibilities.
Under the specific leadership of the State Council, the two departments perform their duties according to their respective responsibilities, and strive to safeguard and guarantee the normal operation of the national economy, finance and financial system. In the specific work, the two departments will have corresponding cooperation and cooperation.
For example, when implementing macro-control policies, it is necessary to closely cooperate with fiscal policies and monetary policies to form effective macro-control effects; In some businesses, such as the operation and management of the national treasury, finance and PBOC also need close cooperation, because PBOC manages the national treasury. Wait a minute.
In terms of authority, the Ministry of Finance has the right to examine and approve the budget indicators of the People's Bank of China and the implementation of personnel and public funds, and the People's Bank of China is subject to the Ministry of Finance in this regard.
Extended data:
The People's Bank of China shall, under the leadership of the State Council, formulate and implement monetary policies and supervise the financial industry. The People's Bank of China is obliged to fulfill the State Council's financing decision for some non-bank financial institutions.
The People's Bank of China only enjoys the decision-making power on general monetary policy matters, and only has the right to formulate and implement major monetary policy matters such as annual money supply, interest rate and exchange rate, but has no final decision-making power, which belongs to the State Council.
The main responsibilities of the Ministry of Finance are:
(a) to formulate and implement fiscal and tax development strategies, principles and policies, medium and long-term planning, reform programs and other relevant policies; Participate in the formulation of macroeconomic policies; Suggestions on macro-control and comprehensive balance of social financial resources by using fiscal and taxation policies are put forward.
Formulate and implement distribution policies between the central and local governments and between the state and enterprises.
(two) to draft laws and regulations on finance, state-owned capital management, finance and accounting management; To formulate and implement financial, financial and accounting management rules and regulations; Organize international negotiations on foreign-related finance and debt, and initialled relevant agreements and agreements.
(3) To prepare the draft annual central budget and final accounts and organize their implementation; Manage the central fiscal revenue, etc.
(4) Propose the tax legislation plan;
⑤ Manage the public expenditure of the central finance.
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