https://legal.excellentwiki.com/china/banking-law/ Recent content in banking law on ExcellentWiki - Legal Encyclopedia Hugo en-US Mon, 06 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/china/banking-law/chinese-banking-law/ Mon, 06 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/china/banking-law/chinese-banking-law/ <h2 id="the-peoples-bank-of-china-law">The People&rsquo;s Bank of China Law</h2> <p>The People&rsquo;s Bank of China (PBOC) Law, adopted in 1995 and revised in 2003, establishes the PBOC as the central bank of the People&rsquo;s Republic of China. The PBOC is charged with formulating and implementing monetary policy, maintaining financial stability, and providing financial services including the issuance of currency, the management of the payment and settlement system, and the administration of foreign exchange reserves. The PBOC operates under the leadership of the State Council, and its Governor is appointed by the National People&rsquo;s Congress or its Standing Committee. The monetary policy tools available to the PBOC include reserve requirements, the rediscount rate, open market operations, and the benchmark lending and deposit rates.</p>