The People's Bank of China (PBOC for short), referred to as the central bank, is the central bank of the People's Republic of China and a constituent department of the State Council of the People's Republic of China. Under the leadership of the State Council, formulate and implement monetary policies to prevent and resolve financial risks and maintain financial stability. Canteen ordering system
On December 1, 1948, on the basis of North China Bank, Beihai Bank, and Northwest Farmers Bank, they merged to form the People's Bank of China in Shijiazhuang City, Hebei Province. In September 1983, the State Council decided that the People's Bank of China would exclusively exercise the functions of the National Central Bank of China. On March 18, 1995, the Third Session of the Eighth National People's Congress passed the Law of the People's Republic of China on the People's Bank of China. At this point, the People's Bank of China has been legally determined as the central bank.
According to the provisions of the "People's Bank of China Law" of the People's Bank of China, under the leadership of the State Council, it independently implements monetary policy, performs its duties, and conducts business without interference from local governments, social groups, and individuals.