Who Owns People's Bank of China?
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Ownership and Structure
The People's Bank of China (PBOC) is owned by the Chinese government and serves as the central bank of the People's Republic of China. It is not a publicly traded company, meaning it is not available for purchase on the stock market.
Government Oversight
The PBOC is directly overseen by the State Council of China, which is the country's principal governing body. This means that the Chinese government retains full control over the central bank and its operations.
Government Institution
In essence, the PBOC is a government institution rather than a private entity, reflecting China's socialist economic system where major industries are typically state-owned.