The People's Bank of China was established in 1948 as the central bank of the People's Republic of China. This institution was created to manage the country's monetary policy and stabilize the economy following years of turmoil. The founding of the bank marked a significant step in China's economic reform and development, influencing financial systems in the region.

The establishment of the People's Bank of China in 1948 influenced modern Chinese poetry, particularly regarding revolution and reform. Poets like Ai Qing addressed themes of economic transformation and the struggles of the common people, reflecting the socio-political landscape of post-revolutionary China.