The two units are at the same level and coordinate with each other. There is no question of who leads who. Both the Ministry of Finance and the People's Bank of China (PBOC) are part of the State Council, and they are not subordinate to each other. The Ministry of Finance and the People's Bank of China are important macro-economic control departments in China. Their division of labor is different. The Ministry of Finance is in charge of fiscal policy, and the People's Bank of China is in charge of monetary policy. It is generally considered that the Ministry of Finance is responsible for the formulation and implementation of the national budget. To put it bluntly, the Ministry of Finance is in charge of the country's money bag. The Ministry of Finance has the power to control the country's financial revenue. The Ministry of Finance has to allocate the expenditure of the country's construction, national defense, state organs, public institutions and so on more