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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Zhou Xiaochuan, ex-Governor Peoples Bank of China, delivered the lecture on 'Lessons from the Role of Peoples Bank of China in China's Economic Rise'.
The Peoples Bank of China (PBOC) has invited applications for six open positions for digital currency related fields.
The Peoples Bank of China (PBoC) has injected capital into the banking system.
Since 2003, the Peoples Bank of China has offset--sterilized, in econspeak--the expansionary effects of its official reserve accumulation on its monetary base by selling renminbi bonds to the banking system.
The Peoples Bank of China said that reserve ratio would fall 50 basis points on February 5, to 19.5 percent.
The Peoples Bank of China has said that the liquidity in the banking system was ample and it saw no immediate reason to inject any funds.
The Peoples Bank of China has sent warnings to Bank of China (SHA: 601988) and the Industrial and Commercial Bank of China Ltd (SHA:601398) for exceeding the quotas on loans set by the central banks for the month of January.