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The People's Bank of China was established in 1 948 65438+February1. It was formed by the merger of former North China Bank, Beihai Bank and Northwest Farmers Bank. When it was founded, its head office was located in Shijiazhuang, and 1949 moved to Beijing. On August 10, 2005, the Shanghai headquarters of the People's Bank of China was established in Shanghai.

According to relevant laws and regulations, the main responsibilities of the People's Bank of China are:

(1) To formulate plans for the reform, opening up and development of the financial industry, undertake comprehensive research, coordinate and solve major problems in financial operation, and promote the coordinated and healthy development of the financial industry. Take the lead in coordinating national financial security work and safeguarding national financial security.

(2) Take the lead in establishing a macro-prudential management framework, drafting major financial regulations and other relevant laws and regulations, formulating a basic system of prudential supervision, and establishing and improving a basic system of financial consumer protection.

(3) To formulate and implement monetary and credit policies, improve the monetary policy control system, and be responsible for macro-prudential management.