China Business Briefing

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<title>CIPS: Strategic Hub for RMB Internationalization</title>

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<span class=”text-[#034EA2]”>CIPS</span>: Strategic Hub for RMB Internationalization

</h1>

As the “main artery” connecting global RMB capital flows, the Cross-Border Interbank Payment System (CIPS) is rapidly reshaping the global payment landscape and becoming a key pillar of China’s financial sovereignty strategy.

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<h2 class=”text-2xl md:text-3xl font-bold text-center mb-2 text-gray-900″>Core Operational Metrics (2024-2025)</h2>

<p class=”text-center text-gray-600 mb-8 max-w-2xl mx-auto”>Latest CIPS data shows explosive growth in transaction volume and global network coverage, reflecting increasing global acceptance of the RMB.</p>

<div class=”kpi-label”>Trillion RMB (2024 Transaction Volume)</div>

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<div class=”kpi-label”>Year-on-Year Growth (2024 vs 2023)</div>

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<div class=”kpi-label”>Countries & Regions Covered (As of June 2025)</div>

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<h2 class=”text-2xl md:text-3xl font-bold text-center mb-2 text-gray-900″>Remarkable Growth Trajectory</h2>

<p class=”text-center text-gray-600 mb-8 max-w-2xl mx-auto”>CIPS’s annual business volume has seen exponential growth since its inception, reflecting its effectiveness in reducing friction for RMB transactions and enhancing global appeal.</p>

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<h2 class=”text-2xl md:text-3xl font-bold text-center mb-8 text-gray-900″>Building a Global Financial Network</h2>

<h3 class=”text-xl font-bold text-center mb-2″>Participant Composition (As of June 2025)</h3>

<p class=”text-center text-gray-600 mb-6″>The CIPS network consists of direct and a broader range of indirect participants, with the latter accessing the system through the former, forming a vast ecosystem driving business growth.</p>

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<h3 class=”text-xl font-bold text-center mb-2″>Indirect Participant Geographical Distribution</h3>

<p class=”text-center text-gray-600 mb-6″>Asian institutions dominate among indirect participants, highlighting CIPS’s core role in regional economic integration, especially under the “Belt and Road” initiative, demonstrating a strong regional anchoring effect.</p>

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<h2 class=”text-2xl md:text-3xl font-bold text-center mb-2 text-gray-900″>CIPS Participation Models: A Flexible Ecosystem</h2>

<p class=”text-center text-gray-600 mb-10 max-w-3xl mx-auto”>CIPS offers multiple flexible access methods to meet the operational needs and technical capabilities of different financial institutions. Technology solution providers (e.g., China Electronics Greatwall Financial Software) play a crucial role in simplifying and accelerating this process.</p>

<h3 class=”text-xl font-bold text-[#034EA2] mb-3″>Method 1: Direct Participants</h3>

<p class=”text-gray-700″>Institutions directly connect to the CIPS core system via dedicated lines, offering the highest level of integration and direct control over their clearing and settlement processes.</p>

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<h3 class=”text-xl font-bold text-[#00AEEF] mb-3″>Method 2: Indirect Participants – Standard Transceiver</h3>

<p class=”text-700″>By deploying standard transceiver software, indirect participants connect point-to-point with direct participants, enabling efficient communication and significantly improving Straight Through Processing (STP).</p>

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<h3 class=”text-xl font-bold text-[#F4C300] mb-3 text-gray-800″>Method 3: Indirect Participants – SWIFT</h3>

<p class=”text-gray-700″>Utilizing the existing SWIFT network to exchange messages with their direct participant agent banks, where the direct participant processes the business through CIPS, lowering the entry barrier.</p>

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<h2 class=”text-2xl md:text-3xl font-bold text-center mb-2 text-gray-900″>Key Enablers: Solution Providers</h2>

<p class=”text-center text-gray-600 mb-10 max-w-3xl mx-auto”>Leading solution providers (e.g., China Electronics Greatwall Financial Software) significantly lower the entry barrier for financial institutions by offering “full-stack, scenario-based” solutions, acting as key “enablers” in the CIPS ecosystem.</p>

<h4 class=”text-xl font-bold mb-2″>Core Direct Participant Solution</h4>

<p class=”text-gray-700″>Provides core direct participants with a powerful CIPS business operation and management platform, covering clearing, settlement, liquidity management, account management, system management, and reconciliation.</p>

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<h4 class=”text-xl font-bold mb-2″>Standard Transceiver Solution (Indirect/Direct Participant Edition)</h4>

<p class=”text-gray-700″>Designed for both indirect and direct participants, ensuring smooth and compliant communication with agent banks and enterprises, optimizing message processing, and improving efficiency.</p>

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<h4 class=”text-xl font-bold mb-2″>NISS-CIPS / CBPS-CIPS Solutions</h4>

<p class=”text-gray-700″>Tailored for rural credit cooperatives and city commercial banks respectively, seamlessly integrating with their clearing centers to address unique message conversion and access challenges.</p>

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</section>

<h2 class=”text-2xl md:text-3xl font-bold text-center mb-2 text-gray-900″>✨ CIPS Terminology Explainer ✨</h2>

<p class=”text-center text-gray-600 mb-8 max-w-2xl mx-auto”>Enter any CIPS or RMB internationalization related term, and let AI provide a concise explanation.</p>

Get Explanation

</button>

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<p class=”text-gray-500″>Explanation will appear here.</p>

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<h2 class=”text-2xl md:text-3xl font-bold mb-2 text-gray-900″>Strategic Horizon: Shaping Future Finance</h2>

<p class=”text-center text-gray-600 mb-10 max-w-3xl mx-auto”>CIPS’s strategic significance extends beyond payments; it is deeply integrating with cutting-edge technologies to build a more efficient, secure, and autonomous future global financial ecosystem.</p>

<h4 class=”text-xl font-bold mb-2″>Digital RMB (e-CNY) Synergy</h4>

<p class=”text-gray-600″>Provides clearing and settlement infrastructure for cross-border e-CNY use, mutually promoting and accelerating the international application of digital currency.</p>

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<h4 class=”text-xl font-bold mb-2″>mBridge Project Integration</h4>

<p class=”text-gray-600″>Utilizes the multi-CBDC bridge to bypass traditional correspondent banking, enabling lower-cost, higher-efficiency instant cross-border payments.</p>

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<h4 class=”text-xl font-bold mb-2″>Blockchain Technology Exploration</h4>

<p class=”text-gray-600″>Researching and promoting the application of blockchain’s distributed ledger technology to provide more secure, transparent, and immutable settlement services for global trade and investment.</p>

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</section>

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<p class=”text-gray-500″>This infographic is generated based on public data and industry analysis. Data as of July 2025.</p>

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