People's Bank of China
The central bank of China, it is a branch of the State Council in charge of formulating and implementing monetary policies and exercise macro-control of the monetary sector. Its main responsibilities are to formulate and implement monetary policies according to law; issue Renminbi, and manage its circulation; examine, approve and supervise monetary institutions according to regulations; supervise and manage the monetary market; publicize orders and regulations on the management and business operations of the financial industry; hold, manage and operate China's foreign exchange reserve and gold reserve; manage the national treasury; maintain the normal operation of the payment and settlement systems; be in charge of the statistics, investigation, analysis and forecast of the monetary industry; conduct other monetary business; and perform related international monetary activities in the capacity of China's central bank. It also oversees the State Administration of Foreign Exchange.
Its departments include: the general affairs office, law and regulation department, monetary policy department, statistics department, accounting and finance department, payment science and technology department, international department, domestic auditing department, personnel and education department.
