Central Bank is the abbreviation of China People's Bank.

Origin of China People's Bank

On December 1, 1948, on the basis of North China Bank, Beihai Bank and Northwest Farmers Bank, China People's Bank was merged in Shijiazhuang, Hebei Province.

in September, 1983, the State Council decided that the People's Bank of China should exclusively exercise the functions of the central bank of China.

On March 18th, 1995, the Third Session of the Eighth National People's Congress passed the Law of the People's Republic of China on the People's Bank of China, and the People's Bank of China was legally established as the central bank.

Extended information

Main business of the People's Bank of China

1. Monetary policy

The Monetary Policy Committee of the People's Bank of China is an advisory and deliberative body for the People's Bank of China to formulate monetary policy. The main tools of monetary policy are: open market business, deposit reserve, central bank loans, interest rate policy, and standing loan facilities.

2. Supervision and Audit

The People's Bank of China supervises financial institutions by analyzing periodic reports and on-site audits. The central bank has the responsibility to maintain the normal operation of the national payment, clearing and settlement system. The People's Bank of China has been committed to developing its own payment system and working closely with other banking institutions to make the payment system operated by these financial institutions more efficient, safer and more reliable.

3. Payment system

The People's Bank of China shoulders the legal responsibilities of "maintaining the normal operation of the payment and clearing system", and has built and operated the second generation payment system, the central bank accounting data centralized system, the national check image exchange system, the domestic and foreign currency payment system and other important business systems.

4. Credit service

Credit policy is an important part of macroeconomic policy, and it is an important means for the People's Bank of China to guide, regulate and supervise the total amount and investment of financial institutions according to the requirements of national macro-control and industrial policy, so as to continuously optimize the investment of credit, realize the optimal allocation of credit funds and promote the adjustment of economic structure. It is an important duty of the People's Bank of China to formulate and implement credit policies.

5. Manager Treasury

The National Treasury Regulations promulgated in p>1985 stipulates: "The People's Bank of China specifically manages the Treasury. Organizing and managing the national treasury is an important responsibility of the People's Bank of China. "

6. Credit management

The People's Bank of China shall perform its duties of supervision and management of credit reporting institutions according to law. Branches of the People's Bank of China shall, within the scope authorized by the Head Office, perform their duties of supervision and management of credit reporting institutions within their respective jurisdictions.

Baidu Encyclopedia-China People's Bank