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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The macroeconomic and savings and investment data was collected directly from governmental sources such as the Peoples Bank of China
The Peoples Bank of China has issued a statement announcing that it will be focussing on controlling risks in the financial system, as a priority.
All AMCs remain under the supervision of Peoples Bank of China with input from the State Securities Supervisory Committee of China and the Ministry of Finance.
The Peoples Bank of China has drained capital from the money markets.
Figures from the Peoples Bank of China (PBoC) indicate that bad loans have decreased in China.
The Peoples Bank of China has reiterated that it would implement measures to improve credit quality.