Demand deposit 0.35
Fixed deposit interest rate in lump sum.
Three months 1. 10
Half a year 1.30
One year 1.50
Two years 2. 10
2.75 pounds for three years
Interest rates of various loans
More than one year (including one year) 4.35
One to five years (including five years) 4.75
More than five years 4.90
Provident fund loan interest rate
Less than five years (including five years) 2.75
More than five years 3.25
People's Bank of China (PBOC in English, PBOC in Chinese) is the central bank of People's Republic of China (PRC) and a branch of the State Council, with its headquarters in Beijing.
According to the Law of the People's Bank of China of the People's Republic of China, the People's Bank of China, under the leadership of the State Council, independently implements monetary policies, performs its duties and conducts business without interference from local governments, social organizations and individuals.
Monetary policy division
To study, formulate and organize the implementation of monetary policy control programs; Formulate intermediate targets of monetary policy and organize their implementation; To study and put forward the choice of various monetary policy tools and organize their implementation; Formulate and organize the implementation of local and foreign currency deposit reserve policy, local and foreign currency interest rate policy, refinancing rediscount policy and related management measures; To formulate the operation plan and procedures of the central bank's local and foreign currency open market and organize their implementation; Formulate monetary policy strategy, study and improve the policy measures of monetary policy framework, and improve the monetary policy regulation system; To undertake the work related to the coordination mechanism of macro-control departments.
The Second Differentiation of Monetary Policy
To study and formulate a reform plan to further improve the RMB exchange rate formation mechanism; Track and monitor exchange rate changes in global financial markets; Study and monitor international capital flows; To study the related issues of the overseas use of RMB; Formulate relevant systems and measures for RMB cross-border business and organize their implementation; To formulate monetary cooperation plans with the monetary authorities of relevant economies, and coordinate and organize their implementation; Assist relevant parties to put forward suggestions on the convertibility policy of RMB capital account; Follow-up research and analysis on the status, orientation and influence of monetary policies in major countries; To undertake the daily work of the Monetary Policy Committee of the People's Bank of China.
Financial market division
Formulate financial market development plans, coordinate financial market development, and promote financial product innovation; Supervise and manage interbank lending market, interbank bond market, interbank bill market, interbank foreign exchange market and gold market, as well as related derivative products transactions in the above markets; Analyze the influence of financial market development on monetary policy and financial stability, and put forward policy suggestions; Formulate macro-credit guiding policies and undertake the adjustment and management of credit structure decided by the State Council.
Financial Stability Board
Comprehensive analysis and evaluation of systemic financial risks, and put forward policy suggestions to prevent and resolve systemic financial risks; Evaluate the impact of major financial mergers and acquisitions on national financial security and put forward policy suggestions; Undertake to study and formulate the regulatory rules of financial holding companies and the standards and norms of cross-cutting financial business in conjunction with relevant parties; Responsible for monitoring financial holding companies and cross-financial instruments; To undertake the demonstration and review of financial enterprise restructuring plans involving the use of the central bank's final means of payment; To manage the assets of the People's Bank of China related to financial risk disposal or financial restructuring; To undertake the inspection and supervision of institutions that use central bank funds to resolve financial risks, and participate in the liquidation or reorganization of market withdrawal of relevant institutions.