Functions:
- Drafts and enforces relevant laws, rules and regulations that are related to fulfilling its functions
- Formulates and implements monetary policy in accordance with law
- Issues the Renminbi and administering its circulation
- Regulates financial markets, including the inter-bank lending market, the inter-bank bond market, foreign exchange market and gold market
- Prevents and mitigates systemic financial risks to safeguard financial stability
- Maintains the Renminbi exchange rate at adaptive and equilibrium level; Holds and manages the state foreign exchange and gold reserves;
- Manages the State treasury as fiscal agent
- Makes payment and settlement rules in collaboration with relevant departments and ensures normal operation of the payment and settlement systems
- Provides guidance to anti-money laundering work in the financial sector and monitors money-laundering related suspicious fund movement
- Develops statistics system for the financial industry and responsible for the consolidation of financial statistics as well as the conduct of economic analysis and forecast
- Administers credit reporting industry in China and promotes the building up of credit information system
- Participates in international financial activities at the capacity of the central bank
- Engages in financial business operations in line with relevant rules
- Performs other functions prescribed by the State Council