Peoples Bank of China
|Peoples Bank of China|
|Central bank of||People's Republic of China|
|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.