The People's Bank of China (PBC) was established on December 1, 1948 based on the consolidation of the Huabei Bank, the Beihai Bank and the Xibei Farmer Bank. In September 1983, the State Council decided to have the PBC function as a central bank. The Law of the People's Republic of China on the People's Bank of China adopted on March 18, 1995 by the 3rd Plenum of the 8th National People's Congress has since legally confirmed the PBC's central bank status. With the improvement of the socialist market economic system, the PBC, as a central bank, will play an even more important role in China's macroeconomic management.
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China Holds Benchmark Rate at Record Low
Global South Financiers Forum opens in Beijing
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Columns5| Company | Markets | New markets | Momentum | Activity | Expansion score |
|---|---|---|---|---|---|
 People's Bank Of ChinaYou | 2 | 2 | -100% | 11 | 29 |
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China's Panda Bond issuance reached a record high in 2024, with 194.8 billion yuan issued. Experts predict further growth in 2025 due to China's economic stimulus and increased yuan adoption for international settlements.
China's central bank announced temporary suspension of government bond purchases due to record low yields and supply shortages.
China plans to adjust monetary policies to support economic targets, expanding interest rate cuts and optimizing stock market support tools.
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