 the ministry of finance (mof) of the government of the people's republic of china is the national executive agency of the central people's government which administers macroeconomic policies and the national annual budget. it also handles fiscal policy, economic regulations and government expenditure for the state. the ministry also records and publishes annual macroeconomic data on china's economy. this includes information such as previous economic growth rates in china, central government debt and borrowing and many other indicators regarding the chinese economy. the ministry of finance's remit is smaller than its counterparts in many other states. macroeconomic management is primarily handled by the national development and reform commission (ndrc). state-owned industries are the responsibility of the state-owned assets supervision and administration commission, and there are separate regulators for banking, insurance and securities. it also does not handle regulation of the money markets or interest rates. these, together with other aspects of monetary policy, are governed by the people's bank of china (pbc), china's central bank. the ministry, ndrc and pbc are equal in status, with their political heads all sitting on the state council. ==role== the main functions of the ministry of finance is to carry out the following duties of the state:ministry of finance people's republic of china {| class="wikitable" |- ! number ! main function ! description |- |1. |economic and public finance policies | formulating and implementing strategies, policies and guidelines for economic development, public finance for government revenue sharing between the central and provincial governments. |- |2. |administration of public finance and external debt | draft laws and regulations on public finance, financial, accounting management, external finance and debts. |- |3. |annual budget for central people's government |preparing the annual budget of the cen
Finance_in_China Finance_ministries Government_ministries_of_the_People\'s_Republic_of_China Ministries_established_in_1949