The Cross-Border Interbank Payment System (CIPS) is a Chinese payment system that offers clearing and settlement services for its participants in cross-border renminbi payments and trade. Backed by the People's Bank of China (PBOC), China launched the CIPS in 2015 to internationalize RMB use. CIPS also counts several foreign banks as shareholders, including HSBC, Standard Chartered, the Bank of East Asia, DBS Bank, Citi, Australia and New Zealand Banking Group, and BNP Paribas. In 2022, CIPS processed around 96.7 Trillion yuan ($14.03 trillion), with about 1427 financial institutions in 109 countries and regions having connected to the system. More information...
According to PR-model, cips.com.cn is ranked 182,398th in multilingual Wikipedia, in particular this website is ranked 122,021st in English Wikipedia.
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