In Cross-Border Push, China Eases Payments with Vietnam, Indonesia
Continuing China’s push to become a leader in cross-border payments, the Chinese government has introduced new programs with Vietnam and ...
Tag: CIPS
Explore CIPS—the Cross‑Border Interbank Payment System—China’s RMB clearing and settlement network. Launched by PBOC in 2015, it supports global banks with real-time, efficient yuan payments, aiding RMB internationalization and cross-border trade via SWIFT standards.
Reaching for More Cross-Border Payments, China Looks to Hong Kong
In its push to further internationalize the yuan, the Chinese government has enlisted HSBC's Hong Kong unit to join its ...
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