Beyond this fairly traditional division of regulatory responsibilities, the high level of state control of the economy means that other important bodies have quasi-regulatory duties. Most important,the leading role of the Chinese Communist Party means that various party bodies and important party members have considerable influence over personnel decisions at the financial institutions and over detailed decisions about financial activity, including at times decisions about specific large loans. The Organization Department of the party, which is mainly in charge of personnel appointments of government officials, is also in charge of naming key executives in the state-owned banks and the other state-owned financial institutions. Usually the executives are members of the party,and they, like local or central government officials,tend to transfer to different assignments every 5years or so.The complete regulatory framework is shown onthe previous page in a graphic from the IMF
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