List of banks in the People's Republic of China
Encyclopedia
This is a list of incorporated banks in the People's Republic of China
(PRC). The "big four" banks are marked with asterisks (*).
(CBRC) announced on 24 December 2006 its approval for nine foreign-funded banks to start their preparatory work for setting up local corporations in China. Currently, even more banks have been able to incorporate locally in China.
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
(PRC). The "big four" banks are marked with asterisks (*).
Banks owned by the central government
| Name | Headquarters | |
|---|---|---|
| Agricultural Bank of China Agricultural Bank of China Agricultural Bank of China Limited , also known as AgBank, is one of the "Big Four" banks in the People's Republic of China. It was founded in 1951, and has its headquarters in Beijing... |
Beijing | * |
| Bank of China Bank of China Bank of China Limited is one of the big four state-owned commercial banks of the People's Republic of China. It was founded in 1912 by the Government of the Republic of China, to replace the Government Bank of Imperial China. It is the oldest bank in China... |
Beijing | * |
| Bank of Communications Bank of Communications Bank of Communications Limited , founded in 1908, is one of the largest banks in China.-Before 1949:The Bank of Communications was founded in 1908 and emerged as one of the first few major national and note-issuing banks in the early days of the Republic of China... |
Shanghai | |
| China CITIC Bank China CITIC Bank China CITIC Bank is China’s seventh-largest lender in terms of total assets. It is formerly known as CITIC Industrial Bank. China CITIC Bank, established in February 1987, is a nationally comprehensive and internationally oriented commercial bank... |
Beijing | |
| China Construction Bank China Construction Bank China Construction Bank is one of the 'big four' banks in the People's Republic of China. To date, it is ranked as the nation's second largest and the second largest bank in the world by market capitalization and 12th largest company in the world. The bank has approximately 13,629 domestic branches... |
Beijing | * |
| China Development Bank China Development Bank The China Development Bank is a financial institution in the People's Republic of China under the direct jurisdiction of the State Council. It is the only bank in China whose governor is a full minister... |
Beijing | |
| Exim Bank of China | Beijing | |
| Hua Xia Bank Hua Xia Bank Hua Xia Bank is a state-controlled publicly traded bank in the People's Republic of China. It is based in Beijing and was founded in 1992. Germany's Deutsche Bank holds 19.99% of the bank's shares as of 2010.- External links :*... |
Beijing | |
| Industrial and Commercial Bank of China Industrial and Commercial Bank of China Industrial and Commercial Bank of China Ltd. is the largest bank in the world by profit and market capitalization. It is one China's 'Big Four' state-owned commercial banks .It was founded as a limited company on January 1, 1984... |
Beijing | * |
| People's Bank of China People's Bank of China The People's Bank of China is the central bank of the People's Republic of China with the power to control monetary policy and regulate financial institutions in mainland China... |
Beijing Beijing Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's... |
Central Bank of PRC |
| Xiamen International Bank Xiamen International Bank Xiamen International Bank was established in August 1985 as the first joint venture bank in China with capital of RMB 1.069 billion.-Locations:... |
Xiamen Xiamen Xiamen , also known as Amoy , is a major city on the southeast coast of the People's Republic of China. It is administered as a sub-provincial city of Fujian province with an area of and population of 3.53 million... |
State owned Industrial and Commercial Bank of China Industrial and Commercial Bank of China Industrial and Commercial Bank of China Ltd. is the largest bank in the world by profit and market capitalization. It is one China's 'Big Four' state-owned commercial banks .It was founded as a limited company on January 1, 1984... |
| Postal Savings Bank of China Postal Savings Bank of China Postal Savings Bank of China is a commercial retail bank, which provides basic financial services, especially to SMEs, rural and low income customers. PSBC has 40,000 branches covering all regions of China.... |
Beijing | |
Banks owned by local governments
| Name | Headquarters | Owner |
|---|---|---|
| Bank of Beijing Bank of Beijing The Bank of Beijing is a bank based in Beijing, People's Republic of China. Founded on January 8, 1996 as Beijing City Commercial Bank , it adopted its present name in January 2005.... |
Beijing Beijing Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's... |
Beijing Beijing Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's... municipal government |
| Bohai Bank Bohai Bank Bohai Bank is a commercial bank in Tianjin, China. The capital of the bank is 5 billion yuan .The bank was the brainchild of the Tianjin mayor Mr Dai Xiang Long who turned a national banking licence for Tianjin, that had been promised to the city in the mid 1990s, into reality and in the process... |
Tianjin Tianjin ' is a metropolis in northern China and one of the five national central cities of the People's Republic of China. It is governed as a direct-controlled municipality, one of four such designations, and is, thus, under direct administration of the central government... |
Tianjin Tianjin ' is a metropolis in northern China and one of the five national central cities of the People's Republic of China. It is governed as a direct-controlled municipality, one of four such designations, and is, thus, under direct administration of the central government... municipal government |
| China Merchants Bank China Merchants Bank China Merchants Bank is a bank headquartered in Shenzhen, China. Founded in 1987, it is the first share-holding commercial bank wholly owned by corporate legal entities.CMB has over five hundred branches in mainland China and one in Hong Kong... |
Shenzhen Shenzhen Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones... |
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| Dalian Bank Dalian Bank Dalian Bank is a commercial bank, with its headquarters in Dalian, Liaoning Province, China. It was established in 1998 as Dalian City Commercial Bank, opened its branches in Dalian City only, but changed its name to Dalian Bank in 2007 and has since opened branches in Tianjin and Beijing... |
Dalian Dalian Dalian is a major city and seaport in the south of Liaoning province, Northeast China. It faces Shandong to the south, the Yellow Sea to the east and the Bohai Sea to the west and south. Holding sub-provincial administrative status, Dalian is the southernmost city of Northeast China and China's... |
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| Shengjing Bank Shengjing Bank Shengjing Bank is a commercial bank, with its headquarters in Shenyang, Liaoning Province, China. It was established in 1996 as Shenyang City Commercial Bank, opened its branch in Shenyang City only, but changed its name to Shengjing Bank in 2007 and has since opened a branch in Tianjin.-See... |
Shenyang Shenyang Shenyang , or Mukden , is the capital and largest city of Liaoning Province in Northeast China. Currently holding sub-provincial administrative status, the city was once known as Shengjing or Fengtianfu... |
Shenyang Shenyang Shenyang , or Mukden , is the capital and largest city of Liaoning Province in Northeast China. Currently holding sub-provincial administrative status, the city was once known as Shengjing or Fengtianfu... municipal government |
| Bank of Jinzhou | Jinzhou Jinzhou Jinzhou , is a prefecture-level city of Liaoning province, China. It is a geographically strategic city located in the "Liaoxi Corridor" , which connects land transportation between North China and Northeast China. Jinzhou is China's northernmost seaport and the coastal economic center of West... |
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| Bank of Jilin Bank of Jilin Bank of Jilin is a commercial bank, with its headquarters in Changchun, Jilin Province, China. It is the former Changchun City Commercial Bank, established in 1997, which changed its name in 2007 to Bank of Jilin, as it absorbed Jilin and Liaoyuan City Commercial Banks... |
Changchun Changchun Changchun is the capital and largest city of Jilin province, located in the northeast of the People's Republic of China, in the center of the Songliao Plain. It is administered as a sub-provincial city with a population of 7,677,089 at the 2010 census under its jurisdiction, including counties and... |
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| Harbin Bank Harbin Bank Harbin Bank is a commercial bank, with its headquarters in Harbin, Heilongjiang Province, China. It was established in 1997 as Harbin City Commercial Bank, opened its branches in Harbin City only, but changed its name to Harbin Bank in 2007 and has since opened branches in Dalian, Tianjin... |
Harbin Harbin Harbin ; Manchu language: , Harbin; Russian: Харби́н Kharbin ), is the capital and largest city of Heilongjiang Province in Northeast China, lying on the southern bank of the Songhua River... |
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| Industrial Bank Industrial Bank Co. Industrial Bank Co., Ltd. is a bank based in Fuzhou, Fujian, China.-History:From the day of its establishment on 26 August 1988 to its first name change in June 2001, the bank was called Fujian Industrial Bank... |
Fuzhou Fuzhou Fuzhou is the capital and one of the largest cities in Fujian Province, People's Republic of China. Along with the many counties of Ningde, those of Fuzhou are considered to constitute the Mindong linguistic and cultural area.... |
Fujian Fujian ' , formerly romanised as Fukien or Huguing or Foukien, is a province on the southeast coast of mainland China. Fujian is bordered by Zhejiang to the north, Jiangxi to the west, and Guangdong to the south. Taiwan lies to the east, across the Taiwan Strait... Provincial government |
| Guangdong Development Bank Guangdong Development Bank China Guangfa Bank , previously Guangdong Development Bank , is a bank based in Guangzhou, Guangdong in People's Republic of China. The bank was established in September 1988 as a joint stock commercial bank.... |
Guangzhou Guangzhou Guangzhou , known historically as Canton or Kwangchow, is the capital and largest city of the Guangdong province in the People's Republic of China. Located in southern China on the Pearl River, about north-northwest of Hong Kong, Guangzhou is a key national transportation hub and trading port... |
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| Bank of Ningbo Bank of Ningbo Bank of Ningbo Company Limited is a city commercial bank in Ningbo, Zhejiang, China. As of June 2008, it operated 78 branches in Ningbo and Shanghai. Since January 2008, Bank of Ningbo has become one of the constitute stocks in Shenzhen Stock Exchange Component Index... |
Ningbo Ningbo Ningbo is a seaport city of northeastern Zhejiang province, Eastern China. Holding sub-provincial administrative status, the municipality has a population of 7,605,700 inhabitants at the 2010 census whom 3,089,180 in the built up area made of 6 urban districts. It lies south of the Hangzhou Bay,... |
Ningbo Ningbo Ningbo is a seaport city of northeastern Zhejiang province, Eastern China. Holding sub-provincial administrative status, the municipality has a population of 7,605,700 inhabitants at the 2010 census whom 3,089,180 in the built up area made of 6 urban districts. It lies south of the Hangzhou Bay,... municipal government |
| Ping An Bank | Shenzhen Shenzhen Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones... |
State-owned Ping An Insurance Ping An Insurance Ping An , full name Ping An Insurance Company of China, Ltd. is a holding company whose subsidiaries mainly deal with insurance and financial services. The company was founded in 1988 and has its headquarters in Shenzhen.-Business:... Co. |
| Bank of Shanghai Bank of Shanghai Bank of Shanghai is a bank based in Shanghai in the People's Republic of China.In September 1999 and December 2001, Bank of Shanghai received equity investments from International Finance Corporation, HSBC and Shanghai Commercial Bank in Hong Kong.... |
Shanghai Shanghai Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010... |
Shanghai Shanghai Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010... municipal government |
| Shanghai Pudong Development Bank Shanghai Pudong Development Bank Shanghai Pudong Development Bank Co. Ltd , incorporated on January 9, 1993 with the approval of the People's Bank of China , is a joint-stock commercial bank with its headquarters located in Shanghai.... |
Shanghai Shanghai Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010... |
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| Shenzhen City Commercial Bank Shenzhen City Commercial Bank Shenzhen City Commercial Bank is a commercial bank based in Shenzhen in the People's Republic of China.... |
Shenzhen Shenzhen Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones... |
Shenzhen Shenzhen Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones... municipal government |
| Shenzhen Development Bank Shenzhen Development Bank Shenzhen Development Bank Co., Ltd. is a bank based in Shenzhen, Guangdong, People's Republic of China. It is listed on the Shenzhen Stock Exchange.-External links:*... |
Shenzhen Shenzhen Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones... |
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| Zhejiang Tailong Commercial Bank Zhejiang Tailong Commercial Bank Zhejiang Tailong Commercial Bank is a small Chinese commercial bank in Taizhou, Zhejiang province, China. The bank has a relatively short history. It is comparatively well known in China because of its intensive public relations work in context with the SME finance supported by the government. Is... |
Taizhou Taizhou, Zhejiang Taizhou is a prefecture-level city in middle eastern Zhejiang province, People's Republic of China... |
Taizhou Taizhou, Zhejiang Taizhou is a prefecture-level city in middle eastern Zhejiang province, People's Republic of China... municipal government |
Privately owned banks
- China Minsheng Banking Corp., Ltd.
- Taizhou City Commercial BankTaizhou City Commercial BankBank of Taizhou is a city commercial bank headquartered in Taizhou, Zhejiang Province - China. On 9th September, 2010, it was officially renamed as Bank of Taizhou from the original name of Taizhou City Commercial BankBank of Taizhou (TZB; simplified Chinese 台州银行) is a city commercial bank...
Banks incorporated in the Special Administrative Regions
- Wing Hang BankWing Hang BankWing Hang Bank Limited is Hong Kong's sixth biggest bank by total assets. In Macau it is known as Banco Weng Hang S.A. In fiscal 2003, the bank had total assets of HK$89 billion, and net profits of HK$864 million.- History :...
Limited (Banco Weng Hang, S.A.)
Hong Kong
- Bank of China (Hong Kong)Bank of China (Hong Kong)Bank of China Limited is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits, with more than 300 branches in Hong Kong. It was established on 1 October 2001 from a merger of 12 subsidiaries and associates of the Bank of China in Hong Kong, and listed...
Limited - Bank of East AsiaBank of East AsiaThe Bank of East Asia Limited often abbreviated to BEA, is the largest independent local bank and the third largest bank in Hong Kong. Its chairman and chief executive is Sir David Li...
, Limited (The) - China Construction Bank (Asia) Corporation Limited
- Chiyu Banking CorporationChiyu Banking CorporationChiyu Banking Corporation Limited is a bank incorporated in Hong Kong.- History :It was founded by Tan Kah Kee in 1947, and it has 23 branches in Hong Kong and focuses on serving the community of residents of Fujian descent in Hong Kong.Chiyu was explicitly created by Chen to create a sustainable...
Limited - Chong Hing Bank Limited
- Citibank (Hong Kong) Limited
- CITIC Ka Wah BankCITIC Ka Wah BankCITIC Bank Internationalis a Hong Kong bank majority owned by CITIC. It is a subsidiary of CITIC International Financial Holdings.-History:*1922: Ka Wah Ngan Ho was founded in Guangzhou by Dr...
Limited - Columbia Bank Limited
- Dah Sing Bank Limited
- DBS Bank (Hong Kong)DBS Bank (Hong Kong)DBS Bank Limited , a subsidiary of DBS Bank headquartered in Singapore, is a licensed bank incorporated in Hong Kong. It is the sixth largest bank in Hong Kong as measured by assets.-History:...
Limited - Fubon Bank (Hong Kong) Limited
- Hang Seng BankHang Seng BankHang Seng Bank Limited is the second largest bank in Hong Kong. It is a listed company but it is majority owned by the HSBC Group via The Hongkong and Shanghai Banking Corporation. Hang Seng is also one of the constituent shares of the Hang Seng Index...
Ltd. - Hongkong and Shanghai Banking CorporationHongkong and Shanghai Banking CorporationThe Hongkong and Shanghai Banking Corporation Limited is a prominent bank established and based in Hong Kong since 1865 when Hong Kong was a colony of the British Empire. It is the founding member of the HSBC Group and since 1990 is now a wholly owned subsidiary of HSBC Holdings plc...
Limited (The) - Industrial and Commercial Bank of China (Asia)Industrial and Commercial Bank of China (Asia)The Industrial and Commercial Bank of China , or more commonly known as ICBC is a licensed bank incorporated in Hong Kong...
Limited - MEVAS BankMEVAS BankMEVAS Bank is a bank based in Hong Kong. It is a wholly owned subsidiary of Dah Sing Financial Holdings Limited. It is formerly known as D.A.H. Private Bank Limited . In September 2000, Dah Sing Bank acquired the minority interests in D.A.H. Private Bank Limited...
Limited - Nanyang Commercial BankNanyang Commercial BankNanyang Commercial Bank is a bank based in Hong Kong and a wholly owned subsidiary of Bank of China , with 41 branches. NCB primarily focuses on corporate customers, in particular trading companies. However, since 2007 it has also taken over all of BOCHK's mainland business as well....
, Limited - Public Bank (Hong Kong)Public Bank (Hong Kong)Public Bank Limited is a licensed bank in Hong Kong. Originally named Asia Commercial Bank Limited and owned by Asia Financial Holdings Limited , it was acquired by Public Financial Holdings Limited , completed on 30 May, 2006...
Limited - Shanghai Commercial BankShanghai Commercial BankThe Shanghai Commercial Bank and its subsidiary companies are engaged in the provision of banking and related financial services in Hong Kong, United States, United Kingdom and the People’s Republic of China. As a group, it employs over 1,790 people. The bank is a financial institution...
Ltd. - Standard Bank Asia Limited
- Standard Chartered BankStandard Chartered BankStandard Chartered PLC is a multinational financial services company headquartered in London, United Kingdom with operations in more than seventy countries...
(Hong Kong) Limited - Tai Sang Bank Ltd.
- Tai Yau Bank Ltd.
- Wing Lung BankWing Lung BankWing Lung Bank is a medium-sized bank based in Hong Kong. As of 2010, it has 39 branches, including one branch in Los Angeles and one branch in the Cayman Islands....
Limited
Macau
- Banco Comercial de Macau, S.A.
- Banco Espírito Santo Asia Limited - Banco Espirito Santo do Oriente, S.A.
- Banco Nacional UltramarinoBanco Nacional UltramarinoBanco Nacional Ultramarino was a Portuguese bank with operations throughout the world, especially in Portugal's former overseas provinces. It ceased existence as an independent legal entity in Portugal following its merger with Caixa Geral de Depósitos, the government-owned savings bank, in...
, S.A. (National Overseas Bank) - China Construction Bank (Macau)China Construction Bank (Macau)China Construction Bank Corporation Limited is a bank in Macau. It is wholly owned by China Construction Bank , a wholly owned subsidiary of China Construction Bank. It has 6 branches in Macau offering commercial banking and retail banking products and services...
Corporation Limited - Banco de Construcao da China (Macau), S.A. - Delta Asia Bank Limited - Banco Delta Ásia, S.A.R.L.
- Luso International Banking Limited - Banco Luso Internacional, S.A.
- Seng Heng Bank Limited #NAME?
- Tai Fung Bank Limited - Banco Tai Fung, S.A.R.L.
- The Macau Chinese Bank Ltd. - Banco Chinês de Macau, S.A.
- Temple Zone Asian Bank Ltd. - San Yung S.A.R.L
Local corporations
The China Banking Regulatory CommissionChina Banking Regulatory Commission
The China Banking Regulatory Commission is an agency of the People's Republic of China authorised by the State Council to regulate the banking sector of the PRC except the territories of Hong Kong and Macau, both of which are special administrative regions...
(CBRC) announced on 24 December 2006 its approval for nine foreign-funded banks to start their preparatory work for setting up local corporations in China. Currently, even more banks have been able to incorporate locally in China.
- - Does not service individuals
- ABN AMROABN AMROABN AMRO Bank N.V. is a Dutch state-owned bank with headquarters in Amsterdam. It was re-established, in its current form, in 2009 following the acquisition and break up of ABN AMRO Group by a banking consortium consisting of Royal Bank of Scotland Group, Santander and Fortis...
(Netherlands) (now RBSRBS-Banking:* Royal Bank of Scotland - Scottish high street bank** Royal Bank of Scotland Group - A majority British state owned Scottish holding company, which owns Royal Bank of Scotland, NatWest and others-Defence:...
China due to de-merging) - Australia and New Zealand Banking Group
- The Bank of East Asia (Hong Kong)
- The Bank of Tokyo-Mitsubishi UFJThe Bank of Tokyo-Mitsubishi UFJis the largest bank in Japan, which was established on January 1, 2006, with the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd. The bank serves as the core retail and commercial banking arm of the Mitsubishi UFJ Financial Group....
(Japan) * - Citibank (United States)
- DBS BankDBS BankDBS Bank Ltd is a bank incorporated in Singapore. It was previously known as The Development Bank of Singapore Limited, before the present name was adopted in July 2003 to reflect its changing role as a regional bank....
(Singapore) - Hang Seng BankHang Seng BankHang Seng Bank Limited is the second largest bank in Hong Kong. It is a listed company but it is majority owned by the HSBC Group via The Hongkong and Shanghai Banking Corporation. Hang Seng is also one of the constituent shares of the Hang Seng Index...
(Hong Kong) - The Hongkong and Shanghai Banking Corporation (Hong Kong - see HSBC Bank (China))
- JPMorgan Chase Bank (United States) *
- Mizuho Corporate BankMizuho Corporate Bank, or MHCB, is the corporate and investment banking subsidiary of Mizuho Financial Group, the second-biggest Japanese financial services conglomerate...
(Japan) * - Oversea-Chinese Banking CorporationOversea-Chinese Banking CorporationThe Oversea-Chinese Banking Corporation Limited , abbreviated as OCBC Bank , is a publicly listed financial services organisation with its head office in Singapore. OCBC Bank is one of Singapore's leading local banks, with group assets of more than 224 billion SGD. It has one of the highest bank...
(Singapore) - United Overseas BankUnited Overseas BankUnited Overseas Bank Limited , abbreviated as UOB is a bank incorporated in Singapore. It was founded 6 August 1935 by Kuching-born Datuk Wee Kheng Chiang, father of the present United Overseas Bank Group Chairman, Mr...
(Singapore) - Standard Chartered BankStandard Chartered BankStandard Chartered PLC is a multinational financial services company headquartered in London, United Kingdom with operations in more than seventy countries...
(United Kingdom) - Wing Hang BankWing Hang BankWing Hang Bank Limited is Hong Kong's sixth biggest bank by total assets. In Macau it is known as Banco Weng Hang S.A. In fiscal 2003, the bank had total assets of HK$89 billion, and net profits of HK$864 million.- History :...
(Hong Kong) - Dah Sing Bank (Hong Kong)
- Woori BankWoori BankWoori Bank is a bank headquartered in Seoul, Korea. The bank changed its name in 2002, and includes the former Commercial Bank of Korea, Hanil Bank, and Peace Bank. It was known from 1999 through 2002 as Hanvit Bank...
(South Korea) - Shinhan BankShinhan BankShinhan Bank , is a bank, headquartered in Seoul, Korea. Historically it was the first bank in Korea, established under the name Hanseong Bank in 1897. The bank was reestablished in 1982. It is part of the Shinhan Financial Group, along with Jeju Bank...
(South Korea) - Hana Bank (South Korea)
- Societe GeneraleSociété GénéraleSociété Générale S.A. is a large European Bank and a major Financial Services company that has a substantial global presence. Its registered office is on Boulevard Haussmann in the 9th arrondissement of Paris, while its head office is in the Tours Société Générale in the business district of La...
(France) - Bank of Montreal (Canada)
See also
- List of banks
- List of companies in the People's Republic of China
- People's Bank of ChinaPeople's Bank of ChinaThe People's Bank of China is the central bank of the People's Republic of China with the power to control monetary policy and regulate financial institutions in mainland China...
- the central bankCentral bankA central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
of the People's Republic of China
External links
- "Microbanking in China" by Wang Kejin (APEC 2002 report)