People's Bank of China

(redirected from China People's Bank)
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 ?
Industrial Bank was established in August of 1988 and is one of the first batch of joint-stock commercial bank approved by China State Council and China People's Bank.
Since gold is sold to the China People's Bank, very little effort is spent on marketing and sales areas.

Full browser ?