July 27 (Rat), September 9, 1996, the People's Bank of China joined the Bank for International Settlements.

1996, the Board of Directors of the Bank for International Settlements adopted a resolution, decided to accept China, Brazil, Hong Kong, India, (on com) Korea, (on com), Mexico, Russia, Saudi Arabia, Singapore's central banks and monetary authorities of the new members of the line.
Bank for International Settlements was established in 1930, is a major international financial institutions, and enjoys a high reputation in the management of foreign exchange reserves of the Central Bank and international financial research. People's Bank of China joined the Bank for International Settlements, gaining international recognition marks the achievements of China's economic strength and China's financial reform and opening up, to help our country to keep abreast of key decision makers in the international financial policy orientation, and a better grasp of the international important dynamic of the financial system and the international financial markets, and expand my financial regulators and international banking supervision between the close cooperation, and promote the improvement of China's financial industry regulatory level.