pboc

But the People´s Bank of China (PBOC) is more particular.

中国人民银行的调整则可谓锱铢必较，胜于他人。

Presumably that is what the PBOC meant by an "adaptive" currency.

大概这就是PBOC借“有适应能力的”货币所要表达的。

Branches of foreign Banks must deposit this at a PBOC designated local bank.

外国银行的分行必须将这笔存款存入有PBOC指定的银行里。

In addition, the PBoC has engineered a steady tightening of money market liquidity.

此外，中国央行已策划了一轮对货币市场流动性的稳步收紧。

But the PBOC has also warned that the short term market moves might be quite large.

但中国央行也警告称，短期的市场波动可能会非常大。