People's 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 control monetary policy and regulate financial institutions in mainland China. The People's Bank of China has the most financial assets of any single public finance institution in history.
The bank was established on December 1, 1948, based on the consolidation of the Huabei Bank, the Beihai Bank and the Xibei Farmer Bank. The headquarters was first located in Shijiazhuang, Hebei, and then moved to Beijing in 1949.
- Part of Speech: proper noun
- Industry/Domain: Banking
- Category: General banking
0
Other terms in this blossary
Creator
- stanley soerianto
- 100% positive feedback
(Beijing, China)