It is to provide a branched aromatic polycarbonate excellent in hue and excellent in melt properties such as melt strength.A branched aromatic polycarbonate obtained by transesterification and having a viscosity average molecular weight of at least 16,000, wherein the amount of structural units of the following formula (1) contained in its main chain is within a range of from 2,000 to 50,000 wtppm, and the amounts of structural units of the following formulae (2) and (3) contained in its main chain are within a range of from 30 to 10,000 wtppm, respectively: ##STR00001##