WOS of foreign banks are freely allowed to open branches in any centre with a stipulation that at least 25 percent of the total number of branches opened during the financial year must be in unbanked rural (Tier 5 and Tier 6) centres, i.e. centres which do not have a brick and mortar structure of any scheduled commercial bank for customer based banking transactions.
Talking about a central bank, people may link it with macro adjustment policy, like adjusting interest rate and exchange rate, but actually only less than half of the staff in the People’s Bank of China involve in macro economic adjustment works, while the others are involved in financial services.