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

Tag: Chinese cross-border payments

Economy

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

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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...
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Finance

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

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

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

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

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

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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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Most Read

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

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The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...
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Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

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A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...
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Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

Banking CBNEditor - 0
The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...
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Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

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