The People’s Bank of China is the central bank of the People’s Republic of China with the power to control monetary policy and regulate financial institutions in mainland China.

Its central bank status was legally confirmed on March 18, 1995 by the 3rd Plenum of the 8th National People’s Congress. In 1998, the PBoC underwent a major restructuring. All provincial and local branches were abolished, and the PBoC opened nine regional branches, whose boundaries did not correspond to local administrative boundaries. In 2003, the Standing Committee of the Tenth National People’s Congress approved an amendment law for strengthening the role of PBoC in the making and implementation of monetary policy for safeguarding the overall financial stability of China.

People's Bank of China (Wikipedia)
"PBOC" redirects here. For other uses, see PBOC (disambiguation).
People's Bank of China
中国人民银行
Zhōngguó Rénmín Yínháng
Bank logo
Bank logo
People's Bank of China headquarters in Beijing39°54′24″N 116°21′14″E / 39.90667°N 116.35389°E / 39.90667; 116.35389Coordinates: 39°54′24″N 116°21′14″E / 39.90667°N 116.35389°E / 39.90667; 116.35389
People's Bank of China headquarters in Beijing
39°54′24″N 116°21′14″E / 39.90667°N 116.35389°E / 39.90667; 116.35389Coordinates: 39°54′24″N 116°21′14″E / 39.90667°N 116.35389°E / 39.90667; 116.35389
Headquarters Beijing and Shanghai
Established December 1, 1948
Governor Zhou Xiaochuan
Central bank of  People's Republic of China
Currency Renminbi (RMB)
CNY (ISO 4217)
Reserves US$3.201 trillion
Bank rate 6.0%
Interest on reserves 3.5%
Preceded by Central Bank of the Republic of China
Website www.pbc.gov.cn
For other currencies named "Yuan" and their respective central banks, see Chinese Yuan.
People's Bank of China
Chinese name
Simplified Chinese 中国人民银行
Traditional Chinese 中國人民銀行
Literal meaning China People Bank
Alternative Chinese name
Simplified Chinese 人民银行
Traditional Chinese 人民銀行
Literal meaning People Bank
Second alternative Chinese name
Chinese 央行
Literal meaning Central Bank
Tibetan name
Tibetan ཀྲུང་གོ་མི་དམངས། མི་རྣམས།དངུལ་ཁང་།
Zhuang name
Zhuang Cunghgoz Yinzminz Yinzhangz
Mongolian name
Mongolian script ᠳᠤᠮᠳᠠᠳᠤ
ᠤᠯᠤᠰ ᠤᠨ
ᠠᠷᠠᠳ ᠤᠨ
ᠪᠠᠩᠬᠢ
Uyghur name
Uyghur
جۇڭگو خەلق بانكا

The People's Bank of China (PBC or PBOC, Chinese: 中国人民银行) is the central bank of the People's Republic of China with the power to control monetary policy and regulate financial institutions in mainland China. The People's Bank of China has more financial assets than any single public institution, and is second only to the Federal Reserve System of the United States in terms of overall central bank assets.

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