People's Bank of China

From Simple English Wikipedia, the free encyclopedia
People's Bank of China
  • Beijing
  • Shanghai
President Zhou Xiaochuan
Central bank of People's Republic of China
Currency Renminbi (RMB)
ISO 4217 Code CNY
Base borrowing rate 6.0%
Base deposit rate 3.5%
Preceded by Central Bank of China

The People's Bank of China (PBC or PBOC, is the central bank of the People's Republic of China with the power to carry out monetary policy and regulate financial institutions in mainland China. The People's Bank of China has more financial assets than any single public institution in the world.