People's Bank of China Law

The People's Bank of China Law establishes the legal framework for the central bank’s operations, governance, and responsibilities. It defines the bank’s role in maintaining monetary stability, regulating financial institutions, managing currency, and supporting economic growth. The law ensures the bank operates independently within the scope of national economic policies and emphasizes transparent, sound monetary practices. It also sets rules for issuing currency, controlling inflation, and managing payment systems, ultimately aiming to promote a stable financial environment that supports China’s economic development.