Peoples Bank Of China. Additional responsibilities involve setting interest rates. China keeps benchmark lending rate steady for fourth straight month, in line with expectations.
The People's Bank of China (PBC) is the country's central bank. Sponsored by: Central banks and digital currencies: Redistributed ledger. China's central bank still thinks in quantities not in prices. "The traditional planned economy leaves a mark in people's mentality".
It also served as the government treasury, the main source of credit economic units, the clearing center of financial transactions, the holder of enterprise deposits, the national saving banks.
Mobile Banking Transaction Rules of Bank of China Limited.
This institution, with its head office in the inner city, functions as the agent of the national treasury. Sponsored by: Central banks and digital currencies: Redistributed ledger. The People's Bank of China is the central bank of mainland China.