Xu Zaiyue, deputy secretary of the party committee and president of the cross-border clearing company, carried out a new year visit to offer condolences. 2022-02-01
Announcement on the release of the results of the 2021 CIPS System Outstanding Participant Selection. 2022-01-30
The first batch of "Cross-Border Wealth Management Connect" pilot businesses in the guangdong-hong kong-macao greater bay area were officially launched. 2021-10-19
The Interbank market technical standards working group held its second working meeting in 2021. 2021-09-17
Cross-border payment clearing forum and CIPS system participants meeting was successfully held. 2021-05-18
Shi Wenchao, secretary of the party committee and chairman of the board of directors of the cross-border clearing company, went to various departments of the company to carry out.… 2022-01-30
Chinese new year greetings. 2022-01-30
The "New Look of CIPS Cross-border Payment Services" webinar was successfully held in the global union. 2022-01-30
Cross-border clearing companies held their first shareholders' meeting in 2021. 2021-09-17
Cross-border clearing companies held their first board meeting in 2021. 2021-05-13
The Bund Square, 100 South Zhongshan Road, Shanghai 200010, China
CROSS-BORDER INTERBANK PAYMENT SYSTEM (CIPS) Hereinafter referred to as the “CIPS” is a wholesale payment system authorized by the PEOPLE’S BANK OF CHINA (hereinafter referred to as the “PBC”). Specializing in RMB cross-border payment clearing, CIPS takes efforts to provide reliable, efficient, convenient and low-cost clearing and settlement services. As one of important FINANCIAL MARKET INFRASTRUCTURES (FMIs) in China, CIPS has played a positive role in contributing to the development of Shanghai international financial center, promoting two-way opening-up of the financial sector, strengthening financial support to China’s real sector economy, serving the Belt and Road Initiative (BRI) financing and facilitating the global use of RMB.
With growing demand for RMB in the cross-border transactions and the expanding scale of RMB cross-border business, it is imperative to put in place a RMB cross-border payment and clearing system. In 2012，the PBC launched the construction of CIPS (phase 1) after in-depth research and discussion.
Up to now, CIPS has a total of 76 direct participants and 1212 indirect participants (936 in Asia, including 540 Chinese mainland indirect participants, 164 in Europe, 43 in Africa, 29 in North America, 23 in Oceania, 17 in South America).
OPERATION
HOURS
5X24H+4Hours
ANNUAL (2020)
BUSINESS VOLUME
RMB 45.5 Trillion
SYSTEM
AVAILABILITY
99.9999%
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