People's Bank of China | Vibepedia

The People's Bank of China (PBC) is the central bank of the People's Republic of China, responsible for implementing monetary policy as outlined by the PRC People's Bank Law and the PRC Commercial Bank Law. Established in 1948, the PBC has undergone significant reforms, including a major restructuring in the 1990s and a reversal of those reforms in 2023. The PBC plays a crucial role in China's financial system, working closely with other institutions such as the [[china-construction-bank|China Construction Bank]] and the [[industrial-and-commercial-bank-of-china|Industrial and Commercial Bank of China]].