People's Bank of China

(redirected from Zhongguo renmin yinhang)
Also found in: Encyclopedia.

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.
Mentioned in ?
References in periodicals archive ?
92/12/10 Zhongguo renmin yinhang guanyu qiye, geren bu de banli jinrong yewu de tongzhi (Circular on enterprises and individuals not being allowed to undertake financial business).
94/2/15 Zhongguo renmin yinhang dui shangye yinhang shixing zichan fuzhai bill guanli de tongzhi (Circular on the asset-liability ratio management of commercial banks).
Zhongguo renmin yinhang tongji jibao (Quarterly People's Bank of China statistics).