Responsible for formulating administrativerules on the inter-bank lending market, inter-bank bond market, inter-bankforeign exchange market and gold market; reviewing and approving financialinstitutions' application to access and exit these markets; assessing theimplication of market instruments for monetary policy and financial stability,and providing relevant policy advice; monitoring and analyzing financial marketdevelopments and preventing cross-market risks; formulating and implementingoverall credit policy in accordance with the State's economic and socialdevelopment policy and industrial policies.