It is considered that PBOC would like to encourage people to shift their money into fixed-term savings.

市场认为，此擧旨在鼓励民众将资金转入定期存款。

youdao

On one side of the discussion is the People's Bank of China (PBOC), the country's central bank.

ECONOMIST: The Chinese case for a stronger, more flexible currency

But it is in fact a quote from Hu Xiaolian, deputy governor of the People's Bank of China (PBOC), the country's central bank.

ECONOMIST: China's exchange-rate reform has so far been a letdown

The relatively liberal People's Bank of China (PBOC) has just circulated a study that recommends opening up the financial system, with a ten-year timetable for easing capital restrictions.

ECONOMIST: China��s capital controls