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121-801: The China Numismatic Museum is under the management of the People's Bank of China . It was founded in 1992, ten years after the founding of the China Numismatic Society . It is located just off Tian'anmen Square , in Beijing at no. 17 Xijiaomin Xiang, Xicheng District, Beijing. The museum has two buildings that were formerly the Commercial Guarantee Bank of China and the Central Bank of China Peking Branch. Its remit

242-622: A Corsier conference they agreed to launch the paper from Munich , where Lenin relocated in September. Containing contributions from prominent European Marxists, Iskra was smuggled into Russia, becoming the country's most successful underground publication since 1850s. He first adopted the pseudonym Lenin in December 1901, possibly based on the Siberian River Lena ; he often used the fuller pseudonym of N. Lenin, and while

363-436: A Lutheran by upbringing, was largely indifferent to Christianity , a view that influenced her children. Ilya Ulyanov was from a family of former serfs ; Ilya's father's ethnicity remains unclear, with suggestions that he was of Russian , Chuvash , Mordvin , or Kalmyk ancestry. Despite a lower-class background, he had risen to middle-class status, studying physics and mathematics at Kazan University before teaching at

484-585: A one-party state under the Communist Party . Ideologically a Marxist , his developments to the ideology are called Leninism . Born into a middle-class family in Simbirsk , Lenin embraced revolutionary socialist politics following his brother 's 1887 execution. Expelled from Kazan Imperial University for participating in protests against the Tsarist government , he devoted the following years to

605-528: A one-party state . Within the party, a Political Bureau (Politburo) and Organisation Bureau (Orgburo) were established to accompany the existing Central Committee ; decisions of these bodies had to be adopted by Sovnarkom and the Council of Labour and Defence . Lenin was the most significant figure in this governance structure, being Chairman of Sovnarkom and sitting on the Council of Labour and Defence,

726-949: A "bourgeoisie-democratic revolution" of the middle classes had to take place before a "socialist revolution" of the proletariat, Lenin believed that in Russia the proletariat could overthrow the Tsarist regime without an intermediate revolution. In February 1917, the February Revolution broke out in Saint Petersburg, renamed Petrograd at the beginning of the First World War, as industrial workers went on strike over food shortages and deteriorating factory conditions. The unrest spread to other parts of Russia, and fearing that he would be violently overthrown, Tsar Nicholas II abdicated. The State Duma took over control of

847-683: A Marxist interpretation of societal development and counter the claims of the Narodniks. He wrote a paper on peasant economics; it was rejected by the liberal journal Russian Thought . In late 1893, Lenin moved to Saint Petersburg . There, he worked as a barrister's assistant and rose to a senior position in a Marxist revolutionary cell that called itself the Social-Democrats after the Marxist Social Democratic Party of Germany . Championing Marxism within

968-518: A Russian language translation of Marx and Friedrich Engels 's 1848 political pamphlet, The Communist Manifesto . He began to read the works of the Russian Marxist Georgi Plekhanov , agreeing with Plekhanov's argument that Russia was moving from feudalism to capitalism and so socialism would be implemented by the proletariat , or urban working class, rather than the peasantry. This Marxist perspective contrasted with

1089-540: A bomb. Before the attack could take place, the conspirators were arrested and tried, and Alexander was executed by hanging in May 1887. Despite the emotional trauma of his father's and brother's deaths, Lenin continued studying, graduated from school at the top of his class with a gold medal for exceptional performance, and decided to study law at Kazan University. Upon entering Kazan University in August 1887, Lenin moved into

1210-704: A coalition government with other socialist parties. Though Sovnarkom refused a coalition with the Mensheviks or Socialist-Revolutionaries, it allowed the Left Socialist-Revolutionaries five cabinet posts in December 1917. This coalition lasted only until March 1918, when the Left Socialist-Revolutionaries left the government over disagreements about the Bolsheviks' approach to ending the First World War. At their 7th Congress in March 1918,

1331-510: A country controlled by the workers and power to the Soviets. Lenin and many other Bolsheviks expected proletariat revolution to sweep across Europe in days or months. The Provisional Government had planned for a Constituent Assembly to be elected in November 1917; despite Lenin's objections, Sovnarkom allowed the vote as scheduled. In the election , the Bolsheviks gained about a quarter of

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1452-539: A country estate in Alakaevka village, Samara Oblast , in the hope that her son would turn his attention to agriculture. He had little interest in farm management, and his mother soon sold the land, keeping the house as a summer home. In September 1889, the Ulyanov family moved to the city of Samara , where Lenin joined Alexei Sklyarenko 's socialist discussion circle. There, Lenin fully embraced Marxism and produced

1573-666: A culturally Polish part of the Austro-Hungarian Empire , he used Jagiellonian University 's library to conduct research. He stayed in close contact with the RSDLP, which was operating in the Russian Empire, convincing the Duma's Bolshevik members to split from their parliamentary alliance with the Mensheviks. In January 1913, Stalin, whom Lenin referred to as the "wonderful Georgian", visited him, and they discussed

1694-492: A family life with Nadya's mother Elizaveta Vasilyevna, in Shushenskoye the couple translated English socialist literature into Russian. There, Lenin wrote A Protest by Russian Social-Democrats to criticise German Marxist revisionists like Eduard Bernstein who advocated a peaceful, electoral path to socialism. He also finished The Development of Capitalism in Russia (1899), his longest book to date, which criticised

1815-528: A job in Nizhny Novgorod , rising to become Director of Primary Schools in the Simbirsk district six years later. Five years after that, he was promoted to Director of Public Schools for the province, overseeing the foundation of over 450 schools as a part of the government's plans for modernisation. In January 1882, his dedication to education earned him the Order of Saint Vladimir , which bestowed on him

1936-548: A law degree before relocating to Saint Petersburg in 1893 and becoming a prominent Marxist activist. In 1897, Lenin was arrested for sedition and exiled to Siberia for three years. He then moved to Western Europe, where he became a key figure in the Marxist Russian Social Democratic Labour Party . In the party's 1903 schism, he led his Bolshevik faction against Julius Martov 's Mensheviks . Lenin briefly returned to Russia during

2057-581: A meeting of the Bolshevik Central Committee on 10 October, where he again argued that the party should lead an armed insurrection to topple the Provisional Government. This time the argument won with ten votes against two. Critics of the plan, Zinoviev and Kamenev, argued that Russian workers would not support a violent coup against the regime and that there was no clear evidence for Lenin's assertion that all of Europe

2178-594: A multi-party Constituent Assembly , but by 1918 centralised power in the new Communist Party. Opponents were suppressed in the Red Terror , and tens of thousands were killed or interned in concentration camps. Responding to devastation, famine , and popular uprisings, Lenin reversed his policy of war communism in 1921, and encouraged economic growth through the New Economic Policy . His administration defeated right and left-wing anti-Bolshevik armies in

2299-400: A nearby flat. There, he joined a zemlyachestvo , a form of university society that represented the men of a particular region. This group elected him as its representative to the university's zemlyachestvo council, and he took part in a December demonstration against government restrictions that banned student societies. The police arrested Lenin and accused him of being a ringleader in

2420-474: A news sheet, Rabochee delo ( Workers' Cause ), he was among 40 activists arrested in St. Petersburg and charged with sedition. Refused legal representation or bail, Lenin denied all charges against him but remained imprisoned for a year before sentencing. He spent this time theorising and writing. In this work he noted that the rise of industrial capitalism in Russia had caused large numbers of peasants to move to

2541-556: A passage for them through Germany, with which Russia was then at war. Recognising that these dissidents could cause problems for their Russian enemies, the German government agreed to permit 32 Russian citizens to travel by train through their territory, among them Lenin and his wife. For political reasons, Lenin and the Germans agreed to a cover story that Lenin had travelled by sealed train carriage through German territory, but in fact

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2662-480: A pure communist society . He began arguing for a Bolshevik-led armed insurrection to topple the government, but at a clandestine meeting of the party's central committee this idea was rejected. Lenin then headed by train and by foot to Finland, arriving at Helsinki on 10 August, where he hid away in safe houses belonging to Bolshevik sympathisers. In August 1917, while Lenin was in Finland, General Lavr Kornilov ,

2783-474: A revolutionary government which took steps towards socialism, while his critics accuse him of establishing a dictatorship which oversaw mass killings and political repression . Lenin was born Vladimir Ilyich Ulyanov in Streletskaya Ulitsa, Simbirsk, now Ulyanovsk , on 22 April 1870, and baptised six days later; as a child, he was known as Volodya the common nickname variant of Vladimir. He

2904-424: A series of Petrograd safe houses. Fearing that he would be killed, Lenin and fellow senior Bolshevik Grigory Zinoviev escaped Petrograd in disguise, relocating to Razliv . There, Lenin began work on the book that became The State and Revolution , an exposition on how he believed the socialist state would develop after the proletariat revolution, and how from then on the state would gradually wither away, leaving

3025-425: A speech to Bolshevik supporters condemning the Provisional Government and again calling for a continent-wide European proletarian revolution. Over the following days, he spoke at Bolshevik meetings, lambasting those who wanted reconciliation with the Mensheviks and revealing his " April Theses ", an outline of his plans for the Bolsheviks, which he had written on the journey from Switzerland. He publicly condemned both

3146-630: A spy, Roman Malinovsky , to act as a vocal Lenin supporter within the party. Various Bolsheviks expressed their suspicions about Malinovsky to Lenin, although it is unclear if the latter was aware of the spy's duplicity; it is possible that he used Malinovsky to feed false information to the Okhrana. In August 1910, Lenin attended the 8th Congress of the Second International , an international meeting of socialists, in Copenhagen as

3267-646: A sub-provincial network of city-level and county-level sub-branches. That same year, the so-called credit plan, a key feature of China's former state planning process, was finally abandoned, allowing the PBC to play a genuine role as monetary policy authority. In 2003, the Standing Committee of the National People's Congress approved an amendment law for strengthening the role of PBC in the making and implementation of monetary policy for safeguarding

3388-700: A transition from that single-tier banking system to a two-tier system, which was largely completed by 1984. In March 1979, as part of the Chinese economic reforms , the State Council split off state-owned banks from the PBC, first the Agricultural Bank of China (ABC) and the Bank of China (BOC). The People's Construction Bank of China , which had been run separately under the Ministry of Finance,

3509-487: Is nominated by the premier of the State Council , who is then approved by the National People's Congress or its Standing Committee and appointed by the president .The deputy governors of the PBC are appointed to or removed from office by the premier. The PBC adopts the governor responsibility system under which the governor supervises the overall work of the PBC while the deputy governors provide assistance to

3630-583: Is the central bank of the People's Republic of China . It is responsible for carrying out monetary policy as determined by the People's Bank Law and the Commercial Bank Law. The PBC was established in 1948 and became China's sole central bank after the founding of the People's Republic of China in 1949. From 1969 to 1978, the PBC was demoted to a bureau of the Ministry of Finance . The PBC

3751-679: Is to collect, display and research ancient, modern and contemporary currencies and objects relating to banking history. It has a collection of over 300,000 numismatic objects. It is a member of the International Numismatic Council and a member of council of the International Committee for Money and Banking Museums (ICOMON). The China Numismatic Museum is also the home of the secretariat of the China Numismatic Society (CNS), which

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3872-657: The 8th National People's Congress , and was granted a higher degree of autonomy than other State Council ministries by an act that year. In 1996 and 1996, the PBC established fundamental regulations on loans and consumer credit. In 1998, the PBC underwent a major restructuring. All provincial and local branches were abolished, and the PBC opened nine regional branches, whose boundaries did not correspond to local administrative boundaries. The nine branches were located in Chengdu , Guangzhou , Jinan , Nanjing , Shanghai , Shenyang , Tianjin , Wuhan , and Xi'an , complemented by

3993-407: The Bank of China were either organized as divisions of the PBC or were non-deposit taking agencies. From 1952 to 1955 government shares were added to private banks to make state-private banks, until under the first Five Year plan from 1955 to 1959 the PBC had complete control of the private banks, making them branches of the PBC, closely resembling the vision of Vladimir Lenin . With aid from

4114-455: The July Days , took place while Lenin was away, but upon learning that demonstrators had violently clashed with government forces, he returned to Petrograd and called for calm. Responding to the violence, the government ordered the arrest of Lenin and other prominent Bolsheviks, raiding their offices, and publicly alleging that he was a German agent provocateur . Evading arrest, Lenin hid in

4235-521: The N did not stand for anything, a popular misconception later arose that it represented Nikolai . Under this pseudonym, in 1902 he published his most influential publication to date, the pamphlet What Is to Be Done? , which outlined his thoughts on the need for a vanguard party to lead the proletariat to revolution. Nadya joined Lenin in Munich and became his secretary. They continued their political agitation, as Lenin wrote for Iskra and drafted

4356-787: The October Revolution , in which the Bolsheviks overthrew the regime. Lenin's government redistributed land to the peasantry, issued a number of legislative decrees , nationalised banks and industry, withdrew from the war by signing the Treaty of Brest-Litovsk with the Central Powers , and promoted world revolution through the Communist International . It initially shared power with the Left Socialist Revolutionaries and allowed

4477-670: The Paris Commune of 1871 , which he considered an early prototype for a proletarian government. Financed by his mother, he stayed in a Swiss health spa before travelling to Berlin , where he studied for six weeks at the Staatsbibliothek and met the Marxist Wilhelm Liebknecht . Returning to Russia with a stash of illegal revolutionary publications, he travelled to various cities distributing literature to striking workers. While involved in producing

4598-565: The Penza Institute for the Nobility . In mid-1863, Ilya married Maria, the well-educated daughter of a wealthy Swedish Lutheran mother and a Russian Jewish father who had converted to Christianity and worked as a physician. According to historian Petrovsky-Shtern , it is likely that Lenin was unaware of his mother's half-Jewish ancestry, which was only discovered by Anna after his death. Soon after their wedding, Ilya obtained

4719-602: The Soviet Union , the shares of private enterprises and with them industrial output followed a similar path, forming a Soviet-style planned economy . During the Cultural Revolution , the PBC suspended its commercial banking service. In June 1969, the State Council approved the consolidation of PBC's headquarters as a bureau within the Ministry of Finance . In that context, the PBC's head office

4840-500: The State Council . The PBC lacks central bank independence and is required to implement the policies of the Chinese Communist Party (CCP) under the direction of the party's Central Financial Commission . The PBC is led by a Governor assisted by several Deputy Governors and a CCP Committee Secretary . Since 2023, the roles of Governor and CCP Committee Secretary have been held jointly by Pan Gongsheng . The bank

4961-466: The renminbi . As of 2021 , China has swap agreements with 40 countries. In 2010, the PBC issued administrative measures regarding online non-financial payment services . These measures retroactively recognized the legal status of online third-party payment platforms like Alipay . Prior to the 2010 measures, these services existed in a legal grey area. In 2015, the PBC hosted China's first formal deposit insurance scheme. In 2019, this scheme

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5082-485: The "Friends of the People" Are and How They Fight the Social-Democrats ; around 200 copies were illegally printed in 1894. Hoping to cement connections between his Social-Democrats and Emancipation of Labour , a group of Russian Marxists based in Switzerland , Lenin visited the country to meet group members Plekhanov and Pavel Axelrod . He proceeded to Paris to meet Marx's son-in-law Paul Lafargue and to research

5203-514: The Bolshevik Centre to Paris; although Lenin disagreed, he moved to the city in December 1908. Lenin disliked Paris, lambasting it as "a foul hole", and while there he sued a motorist who knocked him off his bike. Lenin became very critical of Bogdanov's view that Russia's proletariat had to develop a socialist culture to become a successful revolutionary vehicle. Instead, Lenin favoured a vanguard of socialist intelligentsia who would lead

5324-743: The Bolshevik faction between his and Bogdanov's followers, accusing the latter of deviating from Marxism. In May 1908, Lenin lived briefly in London, where he used the British Museum Reading Room to write Materialism and Empirio-criticism , an attack on what he described as the "bourgeois-reactionary falsehood" of Bogdanov's relativism. Lenin's factionalism began to alienate increasing numbers of Bolsheviks, including his former close supporters Alexei Rykov and Lev Kamenev . The Okhrana exploited his factionalist attitude by sending

5445-550: The Bolshevik newspaper Pravda , and giving public speeches in Petrograd aimed at converting workers, soldiers, sailors, and peasants to his cause. Sensing growing frustration among Bolshevik supporters, Lenin suggested an armed political demonstration in Petrograd to test the government's response. Amid deteriorating health, he left the city to recuperate in the Finnish village of Neivola. The Bolsheviks' armed demonstration,

5566-729: The Bolsheviks changed their name from the Russian Social Democratic Labour Party to the Russian Communist Party, as Lenin wanted to distance his group from the increasingly reformist German Social Democratic Party and emphasize its goal of a communist society. Although ultimate power officially rested with Sovnarkom and the Executive Committee (VTSIK) elected by the All-Russian Congress of Soviets (ARCS),

5687-685: The Bolsheviks regained dominance of the RSDLP at its Fifth Congress , held in London in May 1907. As the Tsarist government cracked down on opposition, both by disbanding Russia's legislative assembly, the Second Duma , and by ordering its secret police, the Okhrana , to arrest revolutionaries, Lenin fled Finland for Switzerland. There, he tried to exchange those banknotes stolen in Tiflis that had identifiable serial numbers on them. Alexander Bogdanov and other prominent Bolsheviks decided to relocate

5808-628: The Bolsheviks split completely with the Mensheviks; many Bolsheviks refused, and both groups attended the Third RSDLP Congress , held in London in April 1905. Lenin presented many of his ideas in the pamphlet Two Tactics of Social Democracy in the Democratic Revolution , published in August 1905. Here, he predicted that Russia's liberal bourgeoisie would be sated by a transition to constitutional monarchy and thus betray

5929-418: The Bolsheviks to return to the open political arena. Fearing a counter-revolution from right-wing forces hostile to socialism, the Mensheviks and Socialist-Revolutionaries who dominated the Petrograd Soviet had been instrumental in pressuring the government to normalise relations with the Bolsheviks. Both the Mensheviks and Socialist-Revolutionaries had lost much popular support because of their affiliation with

6050-430: The Bolsheviks' activities, Lenin endorsed the idea of robbing post offices, railway stations, trains, and banks. Under the lead of Leonid Krasin , a group of Bolsheviks began carrying out such criminal actions, the best-known taking place in June 1907, when a group of Bolsheviks acting under the leadership of Joseph Stalin committed an armed robbery of the State Bank in Tiflis , Georgia. Although he briefly supported

6171-448: The Central Committee, and the Politburo. The only individual with comparable influence was Lenin's right-hand man, Yakov Sverdlov , who died in March 1919 as a result of the Spanish flu pandemic. In November 1917, Lenin and his wife took a two-room flat within the Smolny Institute; the following month, they went on a brief holiday in Halila, Finland. In January 1918, he survived an assassination attempt in Petrograd; Fritz Platten , who

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6292-418: The Communist Party was de facto in control of Russia, as acknowledged by its members at the time. By 1918, Sovnarkom began acting unilaterally, citing a need for expediency, with the ARCS and VTSIK becoming increasingly marginalized, so the soviets no longer had a role in governing Russia. During 1918 and 1919, the government expelled Mensheviks and Socialist-Revolutionaries from the soviets. Russia had become

6413-483: The Credit Reference Centre to provide financial credit reporting. In 2008, the PBC lost the direct ownership stakes it had built up in much of China's financial sector as the ownership of Central Huijin was transferred to the China Investment Corporation (CIC), a newly created sovereign wealth fund . During the Great Recession , the PBC helped address bank liquidity crisis by signing swap agreements with numerous other countries to provide them with liquidity based on

6534-470: The Highest Stage of Capitalism , which argued that imperialism was a product of monopoly capitalism , as capitalists sought to increase their profits by extending into new territories where wages were lower and raw materials cheaper. He believed that competition and conflict would increase and that war between the imperialist powers would continue until they were overthrown by proletariat revolution and socialism established. He spent much of this time reading

6655-436: The Mensheviks accused Lenin of being a despot and autocrat. Enraged at the Mensheviks, Lenin resigned from the Iskra editorial board and in May 1904 published the anti-Menshevik tract One Step Forward, Two Steps Back . The stress made Lenin ill, and to recuperate he holidayed in Switzerland. The Bolshevik faction grew in strength; by spring 1905, the whole RSDLP Central Committee was Bolshevik, and in December they founded

6776-428: The Mensheviks and the Social Revolutionaries, who dominated the influential Petrograd Soviet , for supporting the Provisional Government, denouncing them as traitors to socialism. Considering the government to be just as imperialist as the Tsarist regime, he advocated immediate peace with Germany and Austria-Hungary, rule by soviets , the nationalisation of industry and banks, and the state expropriation of land, all with

6897-632: The PBC as of 2012: The PBC is active in promoting financial inclusion policy and a member of the Alliance for Financial Inclusion. The head office building of the PBC, on West Chang'an Avenue , was constructed in 1987–1990 on a design by a team of architects led by Zhou Ru. While its materials are modern, its shape refers to two traditional Chinese motifs, namely yuanbao ingots and "wealth vases" ( Chinese : Jùbǎopén ) from Chinese folklore. Vladimir Lenin Vladimir Ilyich Ulyanov (22 April [ O.S. 10 April] 1870 – 21 January 1924), better known as Vladimir Lenin ,

7018-410: The PBC in the Caribbean Development Bank). The PBC Monetary Policy Committee is an advisory body chaired by the PBC governor. It typically includes the directors and deputy directors of other financial agencies, as well as a few influential academic economists. As of 2019 , the PBC consisted of functional departments (bureaus) as below: The following enterprises and institutions were directly under

7139-612: The PBC is the most powerful position in the bank and can hold more sway than the governor. The current CCP committee secretary is Pan Gongsheng. The PBC has branches in each 31 provincial-level administrative divisions in China, branches in five cities (Shenzhen, Dalian, Ningbo, Qingdao, and Xiamen), and 317 branches in prefecture-level divisions . 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

7260-403: The PBC reluctantly lost its direct authority over banking supervision with the creation of the China Banking Regulatory Commission . In 2005, the PBC elevated its branch in Shanghai to the status of "second head office", in a move intended to mirror the prominent market-facing role of the Federal Reserve Bank of New York within the US Federal Reserve System . In 2006, the PBC established

7381-408: The Provisional Government and its unpopular continuation of the war. The Bolsheviks capitalised on this, and soon the pro-Bolshevik Marxist Trotsky was elected leader of the Petrograd Soviet. In September, the Bolsheviks gained a majority in the workers' sections of both the Moscow and Petrograd Soviets. Recognising that the situation was safer for him, Lenin returned to Petrograd. There he attended

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7502-546: The RSDLP programme, attacking ideological dissenters and external critics, particularly the Socialist Revolutionary Party (SR), a Narodnik agrarian-socialist group founded in 1901. Despite remaining a Marxist, he accepted the Narodnik view on the revolutionary power of the Russian peasantry, accordingly, penning the 1903 pamphlet To the Village Poor . To evade Bavarian police, Lenin moved to London with Iskra in April 1902, where he befriended fellow Russian-Ukrainian Marxist Leon Trotsky . Lenin fell ill with erysipelas and

7623-478: The RSDLP's representative, following this with a holiday in Stockholm with his mother. With his wife and sisters, he then moved to France, settling first in Bombon and then Paris. Here, he became a close friend to the French Bolshevik Inessa Armand ; some biographers suggest that they had an extra-marital affair from 1910 to 1912. Meanwhile, at a Paris meeting in June 1911, the RSDLP Central Committee decided to move their focus of operations back to Russia, ordering

7744-405: The Russian Civil War, after which several non-Russian nations that had broken away from the empire after 1917 were re-united in the new Soviet Union in 1922; others, notably Poland, gained independence. Lenin suffered three debilitating strokes in 1922 and 1923 before his death in 1924, with Joseph Stalin succeeding him as the pre-eminent figure in the Soviet government. Widely considered one of

7865-483: The Russian Republic into the Russian Soviet Federative Socialist Republic . The government also switched from the Julian calendar to the Gregorian calendar , aligning Russia with Europe. In November 1917, Sovnarkom abolished Russia's legal system, replacing it with "revolutionary conscience". Courts were replaced by Revolutionary Tribunals for counter-revolutionary crimes, and People's Courts for civil and criminal cases, instructed to follow Sovnarkom decrees and

7986-463: The abolition of the nine regional branches established in 1998, which had already seen their authority watered down by a change in 2004 that had returned authority to the PBC's branches at the provincial level and further changes in 2018. Additionally, the PBC's county-level branches were absorbed by city-level branches. The new branches were inaugurated on August 18, 2023. The oversight over financial holding companies and financial consumer protection

8107-543: The agrarian-socialists and promoted a Marxist analysis of Russian economic development. Published under the pseudonym of Vladimir Ilin, upon publication it received predominantly poor reviews. After his exile, Lenin settled in Pskov in early 1900. There, he began raising funds for a newspaper, Iskra ( Spark ), a new organ of the Russian Marxist party, now calling itself the Russian Social Democratic Labour Party (RSDLP). In July 1900, Lenin left Russia for Western Europe; in Switzerland he met other Russian Marxists, and at

8228-446: The cities, where they formed a proletariat. From his Marxist perspective, Lenin argued that this Russian proletariat would develop class consciousness , which would in turn lead them to violently overthrow Tsarism , the aristocracy , and the bourgeoisie and to establish a dictatorship of the proletariat that would move toward socialism. In February 1897, Lenin was sentenced without trial to three years' exile in eastern Siberia. He

8349-504: The city of Kazan , but not the university. On his return, he joined Nikolai Fedoseev 's revolutionary circle, through which he discovered Karl Marx 's 1867 book Capital . This sparked his interest in Marxism , a socio-political theory that argued that society developed in stages, that this development resulted from class struggle , and that capitalist society would ultimately give way to socialist society and then communist society . Wary of his political views, Lenin's mother bought

8470-489: The civil war for freedom is blazing up. Moscow and the South, the Caucasus and Poland are ready to join the proletariat of St. Petersburg. The slogan of the workers has become: Death or Freedom! — Lenin on the Revolution of 1905 In response to the revolution of 1905, which had failed to overthrow the government, Tsar Nicholas II accepted a series of liberal reforms in his October Manifesto . In this climate, Lenin felt it safe to return to Saint Petersburg. Joining

8591-421: The closure of the Bolshevik Centre and its newspaper, Proletari . Seeking to rebuild his influence in the party, Lenin arranged for a party conference to be held in Prague in January 1912, and although 16 of the 18 attendants were Bolsheviks, he was heavily criticised for his factionalist tendencies and failed to boost his status within the party. Moving to Kraków in the Kingdom of Galicia and Lodomeria ,

8712-545: The commander-in-chief of the Russian Army, sent troops to Petrograd in what appeared to be a military coup attempt against the Provisional Government. Premier Alexander Kerensky turned to the Petrograd Soviet, including its Bolshevik members, for help, allowing the revolutionaries to organise workers as Red Guards to defend the city. The coup petered out before it reached Petrograd, but the events had allowed

8833-408: The continent to convert the "imperialist war" into a continent-wide "civil war" with the proletariat pitted against the bourgeoisie and aristocracy. In July 1916, Lenin's mother died, but he was unable to attend her funeral. Her death deeply affected him, and he became depressed, fearing that he too would die before seeing the proletarian revolution. In September 1917, Lenin published Imperialism,

8954-619: The country, establishing the Russian Provisional Government and converting the Empire into a new Russian Republic . When Lenin learned of this from his base in Switzerland, he celebrated with other dissidents. He decided to return to Russia to take charge of the Bolsheviks but found that most passages into the country were blocked due to the ongoing conflict. He organised a plan with other dissidents to negotiate

9075-484: The demonstration; he was expelled from the university, and the Ministry of Internal Affairs exiled him to his family's Kokushkino estate. There, he read voraciously, becoming enamoured with Nikolay Chernyshevsky 's 1863 pro-revolutionary novel What Is to Be Done? Lenin's mother was concerned by her son's radicalisation, and was instrumental in convincing the Interior Ministry to allow him to return to

9196-446: The editorial board of Novaya Zhizn ( New Life ), a radical legal newspaper run by Maria Andreyeva , he used it to discuss issues facing the RSDLP. He encouraged the party to seek out a much wider membership, and advocated the continual escalation of violent confrontation, believing both to be necessary for a successful revolution. Recognising that membership fees and donations from a few wealthy sympathisers were insufficient to finance

9317-470: The failed Revolution of 1905 , and during the First World War campaigned for its transformation into a Europe-wide proletarian revolution , which, as a Marxist, he believed would cause the end of capitalism and the rise of socialism . After the February Revolution of 1917 ousted Tsar Nicholas II and established a Provisional Government , Lenin returned to Russia and played a leading role in

9438-413: The future of non-Russian ethnic groups in the Empire. Due to the ailing health of both Lenin and his wife, they moved to the rural town of Biały Dunajec , before heading to Bern for Nadya to have surgery on her goitre . The [First World] war is being waged for the division of colonies and the robbery of foreign territory; thieves have fallen out–and to refer to the defeats at a given moment of one of

9559-536: The government in the Winter Palace and overcame it and arrested its ministers after the cruiser Aurora , controlled by Bolshevik seamen, fired a blank shot to signal the start of the revolution. During the insurrection, Lenin gave a speech to the Petrograd Soviet announcing that the Provisional Government had been overthrown. The Bolsheviks declared the formation of a new government, the Council of People's Commissars , or Sovnarkom. Lenin initially turned down

9680-511: The governor to fulfill his or her responsibility. The current governor is Pan Gongsheng . Deputy governors of the management team include: Zhu Hexin , Zhang Qingsong , Xuan Changneng , Lu Lei , and Tao Ling . The PBC does not have central bank independence and is required to implement the policies of the Chinese Communist Party (CCP). It operates under the direction of the CCP's Central Financial Commission . The CCP committee secretary of

9801-603: The idea of reconciliation between Bolsheviks and Mensheviks, Lenin's advocacy of violence and robbery was condemned by the Mensheviks at the Fourth RSDLP Congress , held in Stockholm in April 1906. After Lenin escaped to Finland from Russia, he was involved in setting up a Bolshevik Centre in Kuokkala , Grand Duchy of Finland , which was at the time an autonomous state controlled by the Russian Empire, before

9922-413: The intention of establishing a proletariat government and pushing toward a socialist society. By contrast, the Mensheviks believed that Russia was insufficiently developed to transition to socialism and accused Lenin of trying to plunge the new Republic into civil war. Over the coming months Lenin campaigned for his policies, attending the meetings of the Bolshevik Central Committee, prolifically writing for

10043-500: The late 1980s and early 1990s. In 1990, the PBC moved into its new head office building, prominently located on West Chang'an Avenue . In 1991, vice governor Chen Yuan spearheaded the creation of the Electronic Interbank System (EIS), the PBC's first state-of-the-art financial market infrastructure . In 1992, however, the PBC had to reluctantly concede the spinning off of its securities regulatory duties to

10164-557: The leading position of Chairman , suggesting Trotsky for the job, but other Bolsheviks insisted and ultimately Lenin relented. Lenin and other Bolsheviks then attended the Second Congress of Soviets on 26 and 27 October and announced the creation of the new government. Menshevik attendees condemned the illegitimate seizure of power and the risk of civil war. In the early days of the regime, Lenin adjusted his rhetoric so as not to alienate Russia's population, and spoke about having

10285-489: The most significant and influential figures of the 20th century, Lenin was the posthumous subject of a pervasive personality cult within the Soviet Union until its dissolution in 1991. Under Stalin, he became an ideological figurehead of Marxism–Leninism and a prominent influence over the international communist movement . A controversial and highly divisive figure, Lenin is praised by his supporters for establishing

10406-525: The need for a strong leadership with complete control over the party. Lenin's supporters were in the majority, and he termed them the "majoritarians" ( bol'sheviki in Russian; Bolsheviks ); in response, Martov termed his followers the "minoritarians" ( men'sheviki ; Mensheviks ). Arguments between Bolsheviks and Mensheviks continued after the conference; the Bolsheviks accused their rivals of being opportunists and reformists who lacked discipline, while

10527-405: The newly established China Securities Regulatory Commission , whose first chair was former PBC vice governor Liu Hongru . The bank's profile was greatly raised by the appointment of Zhu Rongji as its Governor in 1993, simultaneously as his role as Vice Premier in charge of economic and financial affairs. . Its central bank status was legally confirmed on March 18, 1995, by the 3rd Plenum of

10648-775: The newspaper Vperyod ( Forward ). In January 1905, the Bloody Sunday massacre of protesters in St. Petersburg sparked a spate of civil unrest in the Russian Empire known as the Revolution of 1905 . Lenin urged Bolsheviks to take a greater role in the events, encouraging violent insurrection. In doing so, he adopted SR slogans regarding "armed insurrection", "mass terror", and "the expropriation of gentry land", resulting in Menshevik accusations that he had deviated from orthodox Marxism. In turn, he insisted that

10769-598: The overall financial stability and provision of financial services. That year, the long overdue restructuring of China's banking sector made major progress with the creation of Central Huijin Investment , a PBC-managed fund that allowed the PBC to take the lead from the Ministry of Finance on the restructuring process and from the CCP Central Organization Department on the appointment of senior bank executives. That same year, however,

10890-421: The revolution; instead, he argued that the proletariat would have to build an alliance with the peasantry to overthrow the Tsarist regime and establish the "provisional revolutionary democratic dictatorship of the proletariat and the peasantry". The uprising has begun. Force against Force. Street fighting is raging, barricades are being thrown up, rifles are cracking, guns are booming. Rivers of blood are flowing,

11011-560: The right of self-determination ... Long live the revolution! — Lenin's political programme, October 1917 Upon taking power, Lenin's regime issued several decrees. The first was the Decree on Land , nationalizing the landed estates of the aristocracy and the Orthodox Church for redistribution to peasants by local governments. This contrasted with Lenin's preference for agricultural collectivisation but acknowledged

11132-657: The right to secede and form independent nation-states. Many declared independence ( Finland , Lithuania in December 1917, Latvia and Ukraine in January 1918, Estonia in February 1918, Transcaucasia in April 1918, and Poland in November 1918). The Bolsheviks then promoted communist parties in these new states, while at the Fifth All-Russian Congress of the Soviets in July 1918, a constitution reformed

11253-460: The socialist movement, he encouraged the founding of revolutionary cells in Russia's industrial centres. By late 1894, he was leading a Marxist workers' circle, and meticulously covered his tracks to evade police spies. He began a romantic relationship with Nadezhda "Nadya" Krupskaya , a Marxist school teacher. He also authored a political tract criticising the Narodnik agrarian-socialists, What

11374-489: The status of hereditary nobleman . Both of Lenin's parents were monarchists and liberal conservatives , being committed to the emancipation reform of 1861 introduced by the reformist Tsar Alexander II ; they avoided political radicals and there is no evidence that the police ever put them under surveillance for subversive thought. Every summer they holidayed at a rural manor in Kokushkino . Among his siblings, Lenin

11495-775: The thieves in order to identify the interests of all thieves with the interests of the nation or the fatherland is an unconscionable bourgeois lie. — Lenin on his interpretation of the First World War Lenin was in Galicia when the First World War broke out. The war pitted the Russian Empire against the Austro-Hungarian Empire, and due to his Russian citizenship, Lenin was arrested and briefly imprisoned until his anti-Tsarist credentials were explained. Lenin and his wife returned to Bern, before relocating to Zürich in February 1916. Lenin

11616-465: The time, Lenin's elder brother Alexander, whom he affectionately knew as Sasha, was studying at Saint Petersburg University . Involved in political agitation against the absolute monarchy of the reactionary Tsar Alexander III , Alexander studied the writings of banned leftists and organised anti-government protests. He joined a revolutionary cell bent on assassinating the Tsar and was selected to construct

11737-530: The train was not truly sealed, and the passengers were allowed to disembark to, for example, spend the night in Frankfurt. The group travelled by train from Zürich to Sassnitz , proceeding by ferry to Trelleborg , Sweden, and from there to the Haparanda – Tornio border crossing and then to Helsinki before taking the final train to Petrograd. Arriving at Petrograd's Finland Station in April, Lenin gave

11858-541: The transfer without compensation of all land—landlord, imperial, and monastery—to the peasants' committees; it will defend the soldiers' rights, introducing a complete democratisation of the army; it will establish workers' control over industry; it will ensure the convocation of the Constituent Assembly on the date set; it will supply the cities with bread and the villages with articles of first necessity; and it will secure to all nationalities inhabiting Russia

11979-562: The view of the agrarian-socialist Narodnik movement, which held that the peasantry could establish socialism in Russia by forming peasant communes, thereby bypassing capitalism. This Narodnik view developed in the 1860s with the People's Freedom Party and was then dominant within the Russian revolutionary movement. Lenin rejected the premise of the agrarian-socialist argument but was influenced by agrarian-socialists like Pyotr Tkachev and Sergei Nechaev and befriended several Narodniks. In May 1890, Maria, who retained societal influence as

12100-549: The vote, losing to the agrarian-focused Socialist-Revolutionaries. Lenin argued that the election did not reflect the people's will, claiming the electorate was unaware of the Bolsheviks' programme, and that candidacy lists were outdated, having been drawn up before the Left Socialist-Revolutionaries split from the Socialist-Revolutionaries. Nevertheless, the newly elected Russian Constituent Assembly convened in Petrograd in January 1918. Sovnarkom claimed it

12221-723: The widespread peasant land seizures that had already taken place. In November 1917, the government issued the Decree on the Press, closing opposition media outlets deemed counter-revolutionary. Although claimed to be temporary, the decree faced criticism, including from Bolsheviks, for undermining freedom of the press . In November 1917, Lenin issued the Declaration of the Rights of the Peoples of Russia , granting non-Russian ethnic groups

12342-816: The widow of a nobleman, persuaded the authorities to allow Lenin to take his exams externally at the University of St Petersburg, where he obtained the equivalent of a first-class degree with honours. The graduation celebrations were marred when his sister Olga died of typhoid . Lenin remained in Samara for several years, working first as a legal assistant for a regional court and then for a local lawyer. He devoted much time to radical politics, remaining active in Sklyarenko's group and formulating ideas about how Marxism applied to Russia. Inspired by Plekhanov's work, Lenin collected data on Russian society, using it to support

12463-456: The working-classes in revolution. Furthermore, Bogdanov, influenced by Ernst Mach , believed that all concepts of the world were relative, whereas Lenin stuck to the orthodox Marxist view that there was an objective reality independent of human observation. Bogdanov and Lenin holidayed together at Maxim Gorky 's villa in Capri in April 1908; on returning to Paris, Lenin encouraged a split within

12584-529: The works of Georg Wilhelm Friedrich Hegel , Ludwig Feuerbach , and Aristotle , all of whom had been key influences on Marx. This changed Lenin's interpretation of Marxism; whereas he once believed that policies could be developed based on predetermined scientific principles, he concluded that the only test of whether a policy was correct was its practice. He still perceived himself as an orthodox Marxist, but he began to diverge from some of Marx's predictions about societal development; whereas Marx had believed that

12705-550: Was a Russian revolutionary, politician and political theorist who was the founder and first head of government of Soviet Russia from 1917 until his death in 1924, and of the Soviet Union from 1922 until his death. The founder and leader of the Bolsheviks , Lenin led the October Revolution which established the world's first socialist state . His government won the Russian Civil War and consolidated power in

12826-488: Was also made autonomous (and later renamed China Construction Bank in 1986). In January 1984, the PBC's own commercial banking operations were spun off as the Industrial and Commercial Bank of China (ICBC). In September 1983, the State Council had promulgated that the PBC would function exclusively as the central bank of China and no longer undertake commercial banking activities. Modernization efforts continued in

12947-498: Was also transferred from the PBC to the newly established National Financial Regulatory Administration (NFRA). Around 1,600 county-level branches of the PBC are planned to be absorbed to the NFRA; the PBC had 1,761 such branches at the end of 2021. The PBC is a cabinet -level executive department of the State Council . The top management of the PBC are composed of the governor and a certain number of deputy governors. The governor

13068-697: Was angry that the German Social Democratic Party was supporting the German war effort, which was a direct contravention of the Second International's Stuttgart resolution that socialist parties would oppose the conflict and saw the Second International as defunct. He attended the Zimmerwald Conference in September 1915 and the Kienthal Conference in April 1916, urging socialists across

13189-566: Was closest to his sister Olga , whom he often bossed around; he had an extremely competitive nature and could be destructive, but usually admitted his misbehaviour. A keen sportsman, he spent much of his free time outdoors or playing chess, and excelled at school, the disciplinarian and conservative Simbirsk Classical Gymnasium. In January 1886, when Lenin was 15, his father died of a brain haemorrhage. Subsequently, his behaviour became erratic and confrontational, and he renounced his belief in God. At

13310-464: Was counter-revolutionary because it sought to remove power from the soviets, but the Socialist-Revolutionaries and Mensheviks denied this. The Bolsheviks presented a motion to strip the Assembly of most of its legal powers; when the Assembly rejected this, Sovnarkom declared it counter-revolutionary and forcibly disbanded it. Lenin rejected repeated calls, including from some Bolsheviks, to establish

13431-523: Was downsized to no more than eighty staff. Local PBC branches were correspondingly merged into local government finance departments. The institutional demotion of the PBC was reversed in March 1978 as it was separated from the Finance Ministry and granted ministerial ranking. By then and with the exception of special allocations for rural development, the monolithic PBC dominated all business transactions and credit. In 1979, China initiated

13552-628: Was established on December 1, 1948, based on the consolidation of the Huabei Bank, the Beihai Bank and Northwestern Farmers' Bank. The headquarters was first located in Shijiazhuang , Hebei , and then moved to Beijing in 1949. Between 1950 and 1978 the PBC was the only bank in the People's Republic of China and was responsible for both central banking and commercial banking operations. All other banks within mainland China such as

13673-422: Was extensively reformed during the 1990s, when its provincial and local branches were abolished, instead opening nine regional branches. In 2023, these reforms were reversed as when the regional branches were abolished and the provincial branches restored, and new arrangements essentially ended the PBC's longstanding role in financial supervision . The PBC is the 25th-ranked of 26 ministerial-level departments of

13794-661: Was founded in 1982, a non-governmental, non-profit, academic organisation registered with the Ministry of Civil Affairs. The China Numismatic Society is part of the China Numismatic Museum. It produces a regular journal China Numismatics (Zhongguo qianbi 中国钱币), and also publishes books. It has published over 20 books in its China Numismatic Series: 39°54′03″N 116°23′19″E  /  39.90072°N 116.38871°E  / 39.90072; 116.38871 People%27s Bank of China The People's Bank of China (officially PBC and unofficially PBOC )

13915-617: Was granted a few days in Saint Petersburg to put his affairs in order and used this time to meet with the Social-Democrats, who had renamed themselves the League of Struggle for the Emancipation of the Working Class . His journey to eastern Siberia took 11 weeks, for much of which he was accompanied by his mother and sisters. Deemed only a minor threat to the government, he was exiled to Shushenskoye , Minusinsky District , where he

14036-538: Was kept under police surveillance; he was nevertheless able to correspond with other revolutionaries, many of whom visited him, and permitted to go on trips to swim in the Yenisei River and to hunt duck and snipe . In May 1898, Nadya joined him in exile, having been arrested in August 1896 for organising a strike. She was initially posted to Ufa , but persuaded the authorities to move her to Shushenskoye, where she and Lenin married on 10 July 1898. Settling into

14157-735: Was on the verge of proletarian revolution. The party began plans to organise the offensive, holding a final meeting at the Smolny Institute on 24 October. This was the base of the Military Revolutionary Committee (MRC), an armed militia largely loyal to the Bolsheviks that had been established by the Petrograd Soviet during Kornilov's alleged coup. In October, the MRC was ordered to take control of Petrograd's key transport, communication, printing and utilities hubs, and did so without bloodshed. Bolsheviks besieged

14278-519: Was reorganized as a subsidiary of the PBC, the Deposit Insurance Fund Management Company. Meanwhile, in 2017, the PBC was tasked with the secretariat of China's newly established Financial Stability and Development Committee chaired by Vice Premier Liu He . In 2020, the PBC initiated supervision of significant financial holding companies . The PBC underwent through another major restructuring in 2023, with

14399-522: Was the third of eight children, having two older siblings, Anna (born 1864) and Alexander (born 1866). They were followed by three more children, Olga (born 1871), Dmitry (born 1874), and Maria (born 1878). Two later siblings died in infancy. His father, Ilya Nikolayevich Ulyanov , was a devout member of the Russian Orthodox Church and baptised his children into it, although his mother, Maria Alexandrovna Ulyanova (née Blank),

14520-485: Was unable to take such a leading role on the Iskra editorial board; in his absence, the board moved its base of operations to Geneva . The second RSDLP Congress was held in London in July 1903. At the conference, a schism emerged between Lenin's supporters and those of Julius Martov . Martov argued that party members should be able to express themselves independently of the party leadership; Lenin disagreed, emphasising

14641-543: Was with Lenin at the time, shielded him and was injured by a bullet. Concerned by Petrograd's vulnerability to German attack, Sovnarkom began relocating to Moscow in March 1918. Lenin, Trotsky, and other Bolshevik leaders moved into the Kremlin . He survived another assassination attempt in August 1918. To All Workers, Soldiers and Peasants. The Soviet authority will at once propose a democratic peace to all nations and an immediate armistice on all fronts. It will safeguard

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