People's Bank of China


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People's Bank of China

The central bank of China. It is responsible for setting the country's monetary policy. Until the late 1970s, it was the only legal bank in China and made commercial loans in addition to its duties as the central bank. Since the 1980s, however, this has not been the case, and it no longer makes these loans. It holds more assets than any other central bank. It was established in 1948.
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Instead of such massive foreign exchange interventions, couldn't the People's Bank of China just let the yuan float without official intervention or controls on capital inflows?
Between 2005 and 2009, the People's Bank of China prevented 43 percent of its acquisition of foreign exchange reserves from passing through to the monetary base.
The document was signed by Zhou Xiaochuan, head of the People's Bank of China (PBOC) with Giorgi Kadagidze, governor of the National Bank of Georgia, on the sidelines of the 34th Meeting of the Central Bank Governors' Club of the Central Asia, Black Sea Region and Balkan Countries.
As Deputy Governor of the People's Bank of China, Zhu was responsible for international affairs, policy research, and credit information.
Lastly, despite repeated hikes in the bank reserve requirement ratio, banks are still holding, albeit less, excess reserves at the People's Bank of China.
CFETS is a sub-institution of the People's Bank of China, which is ultimately responsible for macro-adjustment of the FX markets in China, as well as interbank lending and the RMB bond market.
Led by Li Ruogu, assistant governor of the People's Bank of China, the group will attend a seminar organized by a private financial study organization on Oct.
A state-owned nonbank financial institution authorized by Ministry of Finance and the People's Bank of China, CDC is responsible for government bond custody, bond registration, trust, and settlement in the interbank bond market.
According to Reuters, Chile's central bank and the People's Bank of China are working to boost the use of the yuan in the Latin American nation.
Bank Negara Malaysia (BNM) has signed Memorandum of Understandings (MoUs) with the People's Bank of China (PBC) on the Renminbi (RMB) clearing arrangements in Malaysia.
The People's Bank of China will continue to adopt prudent monetary policy and fine tune it in light of changes so that the policy can stabilize growth, boost reforms, adjust structures, enhance people's welfare and prevent risks," the central bank said in a report carried by Xinhua.
Thick politics has manifested itself in the struggle between the People's Bank of China and China Banking Regulatory Commission.

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