Although stated in the above section, that the People's Bank of China, (PBoC),[3] is the single largest financial institution in the world, PBoC is in fact the largest central bank at $3.201 trillion dollars,[4] the world's largest publicly owned bank, as of Jan 2010 being the Royal Bank of Scotland at $3.8 trillion in assets [5] followed by Deutsche Bank at $2.9 trillion in assets,[6] (Constance Gustke al., 3 June 2010, Bankrate Inc, Source: Datamonitor).
Due to non-performing loans the People's Bank of China is technically insolvent, but retains the full backing of the PRC.[7]

Management
The top management of the PBC is composed of the governor and a certain number of deputy governors. The governor of the PBC is appointed into or removed from office by the President of the People's Republic of China. The candidate for the governor of the PBC is nominated by the Premier of the State Council and approved by the National People's Congress. When the National People's Congress is in adjournment, the Standing Committee of the National People's Congress sanctions the candidacy for the governor of the PBC. The deputy governors of the PBC are appointed into or removed from office by the Premier of the State Council.
The PBC adopts a governor responsibility system under which the governor supervises the overall work of the PBC while the deputy governors provide assistance to the governor to fulfill his or her responsibility.
The current governor is Zhou Xiaochuan. Other high-ranking deputies include Wang Hongzhang, Hu Xiaolian, Liu Shiyu, Ma Delun, Yi Gang, Du Jinfu, Li Dongrong, Guo Qingping.[8]
Structure
The PBC has established 9 regional branches respectively in Tianjin, Shenyang, Shanghai, Nanjing, Jinan, Wuhan, Guangzhou, Chengdu and Xi'an, 2 operations offices in Beijing and Chongqing, 303 municipal sub-branches and 1809 county-level sub-branches.
It has 6 overseas representative offices (PBC Representative Office for America, PBC Representative Office (London) for Europe, PBC Tokyo Representative Office, PBC Frankfurt Representative Office, PBC Representative Office for Africa, Liaison Office of the PBC in the Caribbean Development Bank).
The PBC consists of 18 functional departments (bureaus).[9]