CIPS

Paying to Play: China Joins International Finance Regime

With the launch of the China International Payment System (CIPS) earlier this month, China took its latest leap towards making the Renminbi (RMB) an international currency. The new system makes it easier for foreign companies to clear cross-border RMB transactions, and brings China’s payment processing framework in line with the rest of the world’s exchange regime.

Tags

Subscribe to RSS - CIPS