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China’s financial system consists of six major entities: The People’s Bank of China, governments, commercial banks, financial institutions, enterprises, and individuals. The People’s Bank of China is a national bank, invested by the government. Though the People’s Bank of China and the major Chinese commercial banks are all owned by the government, only the People’s Bank of China has the right to issue and repatriate currency in China. – TFASasia

Source: infzm.com Retrieved from: http://www.infzm.com/content/74810

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(COTD = Chart of the Day)