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Peoples 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.

The bank was established on December 1, 1948. The headquarters was first located in shijiazhuang, Hebei, and then moved to Beijing in 1949. Since July 2017, the People’s Bank of China has the largest financial asset holdings of any central bank in the world.

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