What does PBOC mean in Banking?

This page is about the meanings of the acronym/abbreviation/shorthand PBOC in the Business field in general and in the Banking terminology in particular.

People's Bank Of China

Business » Banking

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Submitted by jpblixt on September 27, 2012

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Definition

What does PBOC mean?

People's Bank of China
The People's Bank of China (PBC or PBOC; Chinese: 中国人民银行; pinyin: Zhōngguó Rénmín Yínháng) is the central bank of the People's Republic of China responsible for carrying out monetary policy and regulation of financial institutions in mainland China, as determined by People's Bank Law and Commercial Bank Law. Valued at US$3.21 trillion, The People's Bank of China has had the largest financial asset holdings of any central bank in the world since July 2017. Though possessing a high degree of independence by Chinese standards, it remains a cabinet-level executive department of the State Council.

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"PBOC." Abbreviations.com. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.abbreviations.com/term/15363>.

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