华发上线全国首批增强型“CIPS”跨行账户集中可视功能
Nan Fang Du Shi Bao·2025-12-18 02:44

Group 1 - The successful launch of the enhanced CIPS cross-bank account centralized visibility function marks a significant breakthrough in global account management for the group [2][3] - CIPS, or the Cross-Border Interbank Payment System, is a crucial financial market infrastructure approved by the People's Bank of China, serving as a core tool for the internationalization of the Renminbi [2] - The new function allows for comprehensive management of various account types, including complex accounts such as time deposits and special accounts, enhancing the visibility of account information beyond just account numbers and balances [3] Group 2 - The implementation of the enhanced CIPS function aligns with the goals set forth in the 20th Central Committee's Fourth Plenary Session, which emphasizes expanding high-level openness and advancing the internationalization of the Renminbi [3] - The collaboration between Huafa Finance and Guangfa Bank exemplifies the provision of high-quality, efficient financial services to the group and its member units, contributing to the establishment of a self-controlled cross-border payment system in China [3] - Future plans include exploring innovative applications of CIPS in partnership with more financial institutions to enhance the global treasury management system and support compliant and intelligent management for the group's international operations [3]

华发上线全国首批增强型“CIPS”跨行账户集中可视功能 - Reportify