Project Partner
The People’s Bank of China is our main implementing partner concerning microfinance and rural financial sector reform.
The People’s Bank of China (PBC) was established in 1948 and has been functioning as China’s central bank since 1983. PBC is thus, among others, responsible for issuing and enforcing orders and regulations relevant to the financial sector; formulating and implementing monetary policy; issuing Renminbi and administering its circulation; regulating inter-bank markets; producing financial statistics, surveys, analyses and forecasts;
In 2003, the China Banking Regulation Commission was established as an institution separate from the PBC and has taken over functions concerning banking regulation and supervision.
GTZ cooperates with the PBC Research Department to implement the Microfinance and Rural Financial Sector Development. Since 2006, the PBC Research Department has been responsible for piloting Micro-Credit Companies in five provinces, a form of specialized credit-only microfinance institution.
For more information, see the PBC homepage
On a provincial level, we work together with the Financial Office of Inner Mongolia, which was founded in 2003 as an institution directly subordinate to the Provincial Government, with the task of implementing nationwide relevant policies in the province and overseeing the development of the local financial sector.