People’s Bank of China

The People’s Bank of China (PBC) is the central bank of the People’s Republic of China. It is responsible for formulating and implementing monetary policy, managing financial stability, and regulating financial institutions within mainland China. The bank operates under the authority of the People’s Bank Law and the Commercial Bank Law to maintain the integrity and development of the nation’s financial system.

Beyond its core regulatory and monetary functions, the PBC maintains a global presence with a workforce distributed across multiple countries, including China, the United States, Australia, and the United Kingdom. It plays a foundational role in China’s financial infrastructure, overseeing the country’s banking sector and managing national financial policy.