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The People's Bank of China (officially PBC [3] and unofficially PBOC [4]) is the central bank of the People's Republic of China. [5] It is responsible for carrying out monetary policy as determined by the People's Bank Law and the Commercial Bank Law. The PBC was established in 1948 and became China's sole central bank after the ...
- 1 December 1948; 74 years ago
- People's Republic of China
- US$3.31 trillion (2022)
The Bank of China ( BOC; Chinese: 中国银行; pinyin: Zhōngguó Yínháng) is a Chinese majority state-owned commercial bank headquartered in Beijing and one of the very largest banks in the world. The Bank of China was formed in 1912 by renaming the Qing dynasty 's Da-Qing Bank (est. 1905) under the newly established Republican government.
- 1912; 111 years ago
- CN¥503.81 billion, $73.23 billion (2018)
- 306,322 (2021)
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The governor of the People's Bank of China is the head of the People's Bank of China and one of the country's key economic decisionmakers. The current governor is Pan Gongsheng , who concurrently serves as the Chinese Communist Party (CCP) secretary of the PBC.
No.NameTook OfficeLeft Office13July 2023Incumbent12March 2018July 202311December 2002March 201810June 1995December 2002The Industrial and Commercial Bank of China (ICBC; Chinese: 中国工商银行) is the largest bank in China and in the world, by total assets. ICBC was created on 1 January 1984 from what were then the commercial banking operations of the People's Bank of China .
- 1984; 39 years ago
- 434,798 (2022)
- Beijing, China
China's foreign exchange reserves are held by People's Bank of China, China's central bank. The total of the reserves is regularly announced by the central bank. In April 2024, China's reserves totalled US $3.200 trillion, which is the highest foreign exchange,
Year & MonthForeign-exchange Reserves (us$ Billion)2004-01415.72004-02426.62004-03439.82004-04449This is a list of banks in China, including Mainland China, Hong Kong, and Macau. The central bank of the People's Republic of China is the People's Bank of China, a component of the State Council, the Central Government of China.
Pan Gongsheng ( Chinese: 潘功胜; pinyin: Pān Gōngshèng; born July 8, 1963) is a Chinese economist and politician who is the current Chinese Communist Party Committee Secretary and governor of the People's Bank of China (PBC). He served as the Director of the State Administration of Foreign Exchange from 2016 to 2023.
