What is the abbreviation of China People's Bank?

The abbreviation for PBOC is People's Bank of China, which is the central bank of People's Republic of China (PRC) (PRC). Its predecessor was 1 948 65438+February1,which was formed by the merger of Huabei Bank, Beihai Bank and Northwest Farmers Bank in Shijiazhuang City, Hebei Province.

1995 March 18, the National People's Congress passed the Law of the People's Republic of China on the People's Bank of China, which established the status of the People's Bank of China as the central bank in the form of national legislation for the first time. Its function is to carry out monetary policy independently under the leadership of the State Council, perform its duties and conduct business without interference from local governments, social organizations and individuals.

Extended data:

Other domestic banks refer to:

1, Agricultural Bank of China, abbreviated as ABC, namely Agricultural Bank of China.

2. China Industrial and Commercial Bank.

3. Bank of China, BOC for short, namely Bank of China.

China People's Bank? Main business:

1. Monetary policy: Article 12 of the newly revised Law of the People's Bank of China on February 27, 2003 clearly stipulates: "The People's Bank of China shall set up a monetary policy committee. The responsibilities, composition and working procedures of the Monetary Policy Committee shall be formulated by the State Council and reported to the NPC Standing Committee for the record.

2. Supervision and audit: protect the interests of depositors by monitoring the credit and liquidity of banking institutions.

3. Payment system: branches of the People's Bank of China at all levels provide settlement account services for branches of commercial banks at all levels. In addition, it also opens settlement accounts for some government agencies and institutions to provide payment services.

Baidu Encyclopedia-China People's Bank

The historical evolution of China People's Bank and China People's Bank.