Saturday, January 16, 2021
Tags Chinese cross-border payments

Tag: Chinese cross-border payments

Over 1000 Financial Institutions Expected to Join China’s Renminbi Cross-border Payments System by End of 2020

The number of financial institutions that are part of China's Cross-Border Interbank Payment System (CIPS) is expected to breach 1,000 in total by the...

Forex Authority Loosens China’s Cross-border Payments Restrictions for E-commerce

The State Administration of Foreign Exchange (SAFE) has issued a new directive that significantly scales back China's restrictions on cross-border payments operations.

Details Emerge on China’s First Batch of Cross-border Payments Licensees

China is about to unveil its first group of licensed cross-border payments providers following multi-year trials.

Shanghai Unveils Plan to Facilitate Cross-border Renminbi Payments for Tesla’s Gigafactory 3

Shanghai's financial authorities have issued a raft of regulations for facilitating cross-border renminbi settlement in the Lingang free-trade zone, which is home...

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China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.