人民币，大消息！变得越来越“好用”，CIPS作用日益凸显！

Core Insights - The People's Bank of China (PBOC) is enhancing the cross-border payment system to facilitate international trade and investment, ensuring a robust payment infrastructure and strict regulation in the payment industry [1][4][7] Group 1: Cross-Border Payment System Development - The PBOC has established a multi-channel, widely covered, secure, and efficient cross-border payment clearing network, with the Cross-Border Interbank Payment System (CIPS) processing RMB 175 trillion in 2024, a 43% year-on-year increase [2][3] - As of September 2025, CIPS has connected over 1,700 domestic and foreign participants, reaching more than 5,000 legal banking institutions across 189 countries and regions [2][3][8] Group 2: Internationalization of the Renminbi - The Renminbi has become the largest settlement currency for China's external payments, the second-largest trade financing currency globally, and the third-largest payment currency, with a weight of 12.28% in the Special Drawing Rights (SDR) basket [7][9] - In the first half of 2025, the total cross-border RMB payment amount reached 35 trillion yuan, a 14% increase year-on-year, with RMB payments in goods trade accounting for 28% of total cross-border payments [7][9] Group 3: Bilateral Currency Swap Agreements - The PBOC has renewed bilateral currency swap agreements with multiple countries, including a 35 billion yuan agreement with Iceland and a 350 billion yuan agreement with the European Central Bank, aimed at enhancing bilateral financial cooperation [5][6][9] - The agreements facilitate liquidity and financial stability, allowing central banks to exchange currencies to support trade and investment [6][9]