People's Bank of China (central bank)

The People's Bank of China (PBOC) is the central bank of China, responsible for managing the country’s monetary policy and financial system. Its main functions include controlling interest rates, regulating the money supply, and stabilizing the currency, the yuan. By managing these elements, the PBOC aims to promote economic growth, ensure price stability, and support the overall financial system. It also oversees the banking sector and serves as the government’s bank, playing a crucial role in China's economy and its position in global finance.