PBOC (People's Bank of China)

The People's Bank of China (PBOC) is the central bank of China, responsible for regulating the country's monetary policy and financial system. Established in 1948, its main duties include managing interest rates, controlling money supply, issuing the yuan (China's currency), and ensuring financial stability. The PBOC also plays a key role in foreign exchange operations and oversees the banking sector. By influencing economic conditions, the PBOC aims to support sustainable economic growth, maintain price stability, and manage inflation in China.