People's Bank of China
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 Peoples Bank of China  (Central Bank)    | |
|---|---|
 | |
| Formation | 1948/01/12 |
| Headquarters | Beijing |
| Type | Central Bank |
| The central bank of mainland 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 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.[1][2]
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References
- ↑ "Exactly who is in charge here? Power has shifted from nations to companies". The Times.
Consider the enormous power wielded by Wu Xaioling, who governs the foreign reserves of the People’s Bank of China. She controls an entity with more financial assets than any other single public finance institution in the history of the world.
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