Legal basis: Article 20 of the Foreign Trade Law of People's Republic of China (PRC), the quotas of import and export goods and tariff quotas shall be distributed by the foreign trade department of the State Council or other relevant departments of the State Council within the scope of their respective functions and duties in accordance with the principles of openness, fairness, impartiality and efficiency. Specific measures shall be formulated by the State Council.
According to Article 32 of the Law of the People's Republic of China on the People's Bank of China, the People's Bank of China has the right to inspect and supervise the following acts of financial institutions, other units and individuals: (1) the act of implementing the provisions on the management of deposit reserve; (2) Acts related to the special loans of the People's Bank of China; (three) the implementation of the relevant provisions on the administration of RMB; (four) the implementation of the provisions on the management of the interbank lending market and the interbank bond market; (five) the implementation of the relevant provisions on foreign exchange management; (six) the implementation of the relevant provisions of the gold management behavior; (7) Acting for the People's Bank of China to manage the national treasury; (eight) the implementation of the relevant provisions of liquidation management; (nine) the implementation of the relevant provisions of anti-money laundering behavior. The special loan of the People's Bank of China mentioned in the preceding paragraph refers to the loan granted by the People's Bank of China to a special-purpose financial institution decided by the State Council.