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People's Bank of China
(redirected from Zhongguo renmin yinhang)

   Also found in: Encyclopedia, Wikipedia 0.01 sec.
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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NPC (National People's Congress) 95/3/18 Zhonghua renmin gongheguo zhongguo renmin yinhang fa (PRC People's Bank of China law).
 
 
 
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