Central Bank of China

The Central Bank of China, also known as the People's Bank of China, is the country's main monetary authority. It manages China's currency (the yuan), controls money supply, and sets interest rates to maintain economic stability. The bank also oversees financial institutions, regulates banking practices, and implements policies to promote growth and control inflation. Essentially, it acts as the steward of China’s monetary system, ensuring financial stability and supporting the country's economic objectives.