Which bank is PBOC?
The People's Bank of China refers to the People's Bank of China, which is the central bank of China. 1948 65438+February, Northwest Farmers Bank, North China Bank and Beihai Bank merged to form the Central Bank, which was then called China People's Bank. 1In March, 1995, the People's Bank of China was officially recognized as the central bank.
The role of the People's Bank of China is to formulate monetary policy, loan interest rate and deposit interest rate, maintain financial stability, manage personal credit reporting, issue RMB, pay off debts nationwide, and ensure the stable operation of payment platforms.