People's Bank of China

The People's Bank of China (PBOC) is China's central bank. It sets monetary policy, issues the yuan, and oversees payment and settlement systems.

It operates CNAPS for domestic settlement and supports cross-border RMB flows through CIPS. Official site: People's Bank of China.

Related Terms

A central bank is a country's monetary authority responsible for issuing currency, setting monetary ...

Chinese Yuan

CNY is the official currency of the People's Republic of China, also known as the renminbi (RMB). It...

China National Advanced Payment System

CNAPS is China's national interbank payment system for domestic RMB transfers. It includes high-valu...

Cross-Border Interbank Payment System

CIPS is China's cross-border payment system for renminbi (RMB) transactions. It provides clearing an...

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