The People's Bank of China Email Format
BankingChina5001-10000 Employees
The People's Bank of China is the central bank of the People's Republic of China, established in 1948 through the consolidation of Huabei Bank, Beihai Bank, and Xibei Farmer Bank. In 1983, the State Council designated the PBC to function as the central bank, and a 1995 law reaffirmed that status. As a major banking authority, it sits within the industry as the country's monetary authority and plays a key role in macroeconomic management. It is based in China and operates as a large government-controlled financial institution. A recent development includes the June 2026 launch of the FIMA RMB Repo facility, enabling overseas central banks and sovereign wealth funds to draw yuan by pledging Chinese government bonds as collateral. The bank has also advanced international financial cooperation, including cross-border QR code payment linkage with Bank Indonesia to facilitate bilateral retail transactions.