{"id":4361,"date":"2020-10-12T08:58:49","date_gmt":"2020-10-12T08:58:49","guid":{"rendered":"https:\/\/northhead.com\/Portal_to_China\/?p=4361"},"modified":"2023-02-17T15:55:16","modified_gmt":"2023-02-17T15:55:16","slug":"the-peoples-bank-of-china-functions","status":"publish","type":"post","link":"https:\/\/sandpipercomms.com\/Portal_to_China\/uncategorized\/the-peoples-bank-of-china-functions\/","title":{"rendered":"The People\u2019s Bank of China: Functions"},"content":{"rendered":"<p>Functions:<\/p>\n<ul>\n<li>Drafts and enforces relevant laws, rules and regulations that are related to fulfilling its functions<\/li>\n<li>Formulates and implements monetary policy in accordance with law<\/li>\n<li>Issues the Renminbi and administering its circulation<\/li>\n<li>Regulates financial markets, including the inter-bank lending market, the inter-bank bond market, foreign exchange market and gold market<\/li>\n<li>Prevents and mitigates systemic financial risks to safeguard financial stability<\/li>\n<li>Maintains the Renminbi exchange rate at adaptive and equilibrium level; Holds and manages the state foreign exchange and gold reserves;<\/li>\n<li>Manages the State treasury as fiscal agent<\/li>\n<li>Makes payment and settlement rules in collaboration with relevant departments and ensures normal operation of the payment and settlement systems<\/li>\n<li>Provides guidance to anti-money laundering work in the financial sector and monitors money-laundering related suspicious fund movement<\/li>\n<li>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<\/li>\n<li>Administers credit reporting industry in China and promotes the building up of credit information system<\/li>\n<li>Participates in international financial activities at the capacity of the central bank<\/li>\n<li>Engages in financial business operations in line with relevant rules<\/li>\n<li>Performs other functions prescribed by the State Council<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4361","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The People\u2019s Bank of China: Functions<\/title>\n<meta name=\"description\" content=\"Drafts and enforces relevant laws, rules and regulations that are related to fulfilling its functions. 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