Tag: cips

The bank said connectivity to China’s cross-border payment system will support more efficient Renminbi settlement.

The policy package seeks to deepen Hong Kong-mainland market connectivity through Bond Connect enhancements and expanded renminbi liquidity support; HKEX seeks closer CIPS connectivity.

The framework will support IDR-CNH settlement between Indonesia and Hong Kong, alongside moves to enhance Indonesia-China QR payment connectivity and CIPS access.

Ten banks have entered a pilot programme of Cips phase II, which will allow 24-hour operation and net flow clearance.

A transaction from Hong Kong was the first cross-border renminbi payment cleared offshore using China’s new international payment system.

The deal between the two payments systems could improve corporates' ability to manage renminbi, their relationships with suppliers, and lower the cost of renminbi transactions, market experts claim.

Chongqing launches RMB programme with Singapore; Swift and CIPS to cooperate on cross-border interbank payment system; Singapore drops RTC tax rate to 8%; India and Sri Lanka sign $700m currency swap deal; SGE and HKEx ink MoU; and much more…

HKMA to integrate RMB settlement system with CIPS* Australia and Japan sign currency swap deal* India futures market to deepen * China to build FTZ in Guangxi for trade relationship with Asean * China simplifies corporate bond sale procedures; and much more….

Banks began processing international renminbi payments through China’s new cross-border interbank payment system (Cips) sparking wide acclaim from participants.

Claims from influential financial blogs that China is setting up its new payment system to bypass the US are overblown.

Delivered to you through a variety of articles, roundtable events, and webcasts all designed to offer simple advice on how to tap new treasury and banking opportunities, ANZ and CT are proud to announce the launch of the "Across Borders" series.

The PBOC issued a report documenting increased renminbi use internationally that contained pushed deadlines, opening hours, and a standardised name for CIPS.