On Independence Of Central Bank In China

Central Bank is the legal institution which regards public interests as supreme interests, and regards stabilizing the value of money as primary goal, so as to ensure the public organ of power with steady finance through exercising the function in accordance with the law. The economic development and finance of various countries are steady to need a independence to have financial support of the highly authoritative Central Bank and policy guide . Economic globalization , put forward high request to our country independent character of Central Bank by finance integrated enhancement and financial quickening of process of reform of trend.The independent character of Central Bank means that the Central Bank is independent of the government to make and carry out the monetary policy relatively, fulfil the legal duty, realize the goal of monetary policy. The legal meaning of the independent character of Central Bank should contain four parts, such as legal nature and position , legal goal, legal function , legal financial rule ,etc. The full play of the independent character of Central Bank is fine for the aim of setting and correcting of the nearsightedness to government's economic policy, it is also rational restriction of government's unrationally economic behaviours.This text proceeds from intension of the independent character of Central Bank in our country, has analysed reasons of the independent character of Central Bank. Through to Central Bank independent character historical analysis of evolution , indicate the enhancement of independent character of Central Bank is become a kind of world trend fully, nowadays strengthening the independent character of Central Bank is under great background of global economic integration, given a powerful push to development of various countries' economy and financial stability. After analysing U.S.A. , European Union and New Zealand Central Bank mode ,it pointed out the form of expression of their independent character of Central Bank, put forward the opinion of imitating the New Zealand mode. After analyse of our country Central Bank current situation of independent character this text point out of our country a great deal of defects has been existing in our Central Bank. As to these being insufficient , this text put out of some pieces of advise about corresponding legislation and the relevant system structure, legislate to define the goal of the monetary policy further such as proposing, propose stipulating that the People's Bankof China enjoys the final power to make decision of the monetary policy, propose thinning the People's Bank of China report procedure of work , raise Chinese people administrative rank of branches of the People's Bank of China, therefore offer the comparatively overall system framework for ensuring the independent character of the People's Bank of China.