Group 1 - The People's Bank of China has made significant progress in cross-border RMB payments by signing agreements with multiple foreign institutions to facilitate the use of RMB in cross-border transactions [1] - The CIPS system now has 1,683 participants, with 174 direct participants and 72% of them being foreign direct participants, indicating a strong international engagement [1] - The inclusion of foreign banks such as the African Export-Import Bank and Abu Dhabi First Bank marks the first time CIPS has direct foreign participants from Africa, the Middle East, Central Asia, and Singapore [1] Group 2 - CIPS has launched its international letter of credit service, enhancing cross-border financial services and improving efficiency in international trade settlements [2] - The CIPS system has processed over 675 trillion RMB in various payment transactions since its launch, with a compound annual growth rate of 35% in transaction volume and 30% in transaction value from 2022 to 2024 [2] - CIPS is actively promoting collaboration between Chinese and foreign banks to support Chinese enterprises in their international expansion efforts [2]
CIPS全球参与者再拓展 更好服务中资企业“走出去”
Xin Hua She·2025-06-21 07:41