Provinces of China the province, rather than the nominal governor of the provincial government. The government of each standard province () is nominally led by a provincial committee, headed by a secretary. The committee secretary is first-in-charge of the province; second-in-command is the governor of the provincial government. The People's Republic of China (PRC) claims the island of Taiwan and its surrounding islets, including Penghu, as "Taiwan Province", though Taiwan has not been under control of a government that ruled from mainland China since 1949, when the Republic of China lost the mainland to the Communist Party of China, which established the PRC.
Central Bank of the Republic of China (Taiwan) bank in 1961, the Bank of Taiwan acted as the "de facto" central bank in Taiwan. On 8 November 1979, the newly revised Central Bank of China Act was promulgated. The Bank of Taiwan issued the New Taiwan dollar until 2000, when the Central Bank of China finally took over the task. In 2000 the English name of the Central Bank of China was renamed Central Bank of the Republic of China (Taiwan) along with a host of other renamings under the Chen Shui-bian administration of state-owned corporations with "China" in their name, such as the Chunghwa Post. The headquarters