CIPS+金砖支付系统，开启人民币清算新时代

Core Insights - The strategic collaboration between CIPS+ and BRICS PAY marks the first systematic integration of China's cross-border RMB clearing capabilities with the emerging BRICS currency settlement network, opening a new era for a "second international payment system" [1][8] - In the context of a profound reshaping of the international financial landscape, the existing dollar-dominated cross-border payment system faces multiple challenges, prompting countries, especially in the Global South, to seek a more independent and secure global payment network [1][6] - CIPS has become the most important RMB clearing infrastructure globally, while BRICS PAY aims to establish a de-dollarized framework for direct currency settlement, providing a viable alternative for global trade [1][5] CIPS+ Overview - CIPS+ serves as an innovative platform within the CIPS sandbox program, connecting cross-border payment systems with emerging international networks, and is crucial for expanding RMB cross-border clearing applications [3][9] - The underlying CIPS, led by the People's Bank of China, offers secure, efficient, and widely accessible RMB payment services, making it a key hub for enhancing RMB internationalization and national financial security [3][8] BRICS PAY System - The BRICS PAY system, driven by BRICS nations, aims to create a cross-border payment and currency settlement framework independent of the dollar and SWIFT networks [5][6] - Its core objective is to help member countries reduce reliance on a single currency and external clearing systems, thereby enhancing financial autonomy and system security [6][8] Synergy Between CIPS and BRICS PAY - The collaboration between CIPS and BRICS PAY is a natural synergy, with CIPS providing a global clearing foundation for RMB and BRICS PAY offering a broad network for local currency applications [8][9] - This partnership is expected to create a more extensive, cost-effective, and secure second global payment system, significantly impacting the structure and rules of future international trade [9][10] Future Implications - The integration of CIPS+ and BRICS PAY is set to accelerate the emergence of a new cross-border payment channel independent of the dollar system, contributing to a more independent, secure, and resilient payment option for Global South countries [9][11] - This collaboration is anticipated to enhance capital flow stability, optimize trade structures, and deepen international cooperation, injecting new growth momentum into the global economy [10][11]