People's Bank of China

Beijing, China

The People's Bank of China (PBOC) is the central bank of China, responsible for regulating the nation's monetary policy, including interest rates, currency supply, and bank reserves. The PBOC also plays a critical role in managing China's foreign exchange and overseeing the stability of the financial system.

CCI Score

14.89

-0.01% April 18

Latest Event

PBOC Instructs State Banks to Limit Dollar Purchases

The People’s Bank of China issued a directive to major state-owned banks to reduce U.S. dollar purchases from their proprietary accounts in an effort to curb speculative trading and stabilize the yuan amid external economic pressures, including U.S. tariffs.

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SABOTEUR

People's Bank of China is currently rated as a Saboteur.

+10 to +24 CCI Score

Companies in this bracket take more subtle actions to undermine authoritarian practices. They might implement internal policies or support reforms that quietly weaken oppressive systems, contributing to change in less overt ways.

Latest Events

APR

09

2025

PBOC Instructs State Banks to Limit Dollar Purchases
0.00

The People’s Bank of China issued a directive to major state-owned banks to reduce U.S. dollar purchases from their proprietary accounts in an effort to curb speculative trading and stabilize the yuan amid external economic pressures, including U.S. tariffs.
MAR

14

2023

PBOC Leadership Reshuffle Signals Strengthening of Authoritarian Control
-25.94

The National People's Congress approved a new government for the next five years, marking significant institutional reforms at the People’s Bank of China. The changes come as the leadership faces challenges, with Yi Gang, the incumbent governor, reportedly on the verge of being replaced, signaling tighter state control over financial policy.
-40

Public and Political Behavior

April 9

The leadership change and institutional reforms reflect a consolidation of state power that reinforces authoritarian control. By rubber-stamping a new government, the process underscores the subordination of independent monetary policy to central party directives, a hallmark of authoritarian governance.

PBoC leadership faces multiple challenges
-20

Economic and Structural Influence

April 9

The approved reforms signify a further structural centralization at the PBOC, limiting economic checks and thereby reinforcing the concentration of power. This centralization plays into the broader authoritarian model, reducing transparency and accountability in economic decision-making.

PBoC leadership faces multiple challenges
MAR

10

2023

PBOC Regulatory Reform Enhances Consumer Protection
42.10

The People's Bank of China announced a reform plan aimed at reorganizing the financial regulatory regime to better protect consumer rights. Governor Yi Gang outlined proposals to specialize local financial regulatory bodies in supervision, separating oversight from development roles, which is expected to improve accountability and efficiency in consumer protection.
+60

Executive Political Engagement

April 9

PBOC governor Yi Gang's active participation and public endorsement of the regulatory reform demonstrates strong executive engagement in political processes that promote consumer protection and enhanced financial oversight. This move strengthens accountability by reducing the conflict of interest inherent in dual roles of supervision and development.

PBOC: New plan will protect consumers
+40

Economic and Structural Influence

April 9

The reform plan’s structural changes, which call for local financial supervisory bodies to focus exclusively on oversight rather than development, are expected to reduce regulatory conflicts and enhance consumer protection. This reorganization reflects positive economic and structural influence by streamlining accountability mechanisms within the financial sector.

PBOC: New plan will protect consumers
FEB

11

2023

PBOC Announces Stricter Asset Classification Rules
28.50

On February 11, 2023, the People's Bank of China introduced updated financial asset risk classification methods that widen the definition of nonperforming assets. The new rules aim to improve transparency in financial reporting among Chinese banks by reducing regulatory arbitrage and ensuring a more accurate depiction of asset quality.
+40

Public and Political Behavior

April 9

The PBOC's regulatory intervention to tighten asset classification standards promotes transparency and accountability in the banking system, aligning with anti-authoritarian principles by curbing opaque practices that can lead to financial instability.

Stricter China rules on banks' asset classification to improve transparency
+30

Business Practices and Ethical Responsibility

April 9

By mandating a broader definition of nonperforming assets, the updated framework enforces ethical business practices among banks. This measure compels financial institutions to disclose a more accurate picture of their risk exposure, thereby supporting corporate accountability and reducing hidden financial risks.

Stricter China rules on banks' asset classification to improve transparency