Home > China Facts > China Overview > Banking System

Banking System

Last updated by fabiowzgogo at 2016/6/5

The organizational system of finance is basically sound. At present, in China, systems of financial institutions with comparatively complete functions, coordinated cooperation, multi-level, and coordinated development between policy-related finance and commercial finance are established, such as banks, securities, and insurances.

The People's Bank of China is the central bank and the most important macro-control department of our country. The People's Bank of China strictly performs steady monetary policy, strongly pushes forward the reform of marketization of interest rate and formation mechanism of the exchange rate of RMB, constantly improves indirect regulation mechanism based on market, generates and flexibly applies financial control instrument, and strengthens general quantity regulation and structure readjustment through means of market. The forward-looking quality, scientificalness and validity of financial control obviously increase, and the sustained development of China's economy has been greatly promoted.