In-depth

Analysis, interviews, roundtables, reports and more on the topics that matter to you.

Perspective
08 October 2015

China launches CIPS clearing platform and banks quick to enact business

Region:
Asia-Pacific
Editor-in-chief
China has today officially launched its new global clearing platform for real time renminbi (RMB) settlement, known as the Cross Border Interbank Payment System (CIPS), and some of the big international banks have been quick to enact business under the platform for their trade customers. Perhaps most notably, Standard Chartered has successfully completed an RMB clearing transaction from China to Luxembourg for IKEA.

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access


You might also like


Interview
02 May 2025

Corporate perspectives: Export finance in an ‘It is what is’...

Andreas Back, senior manager, financial services, at Finnish energy and marine technology company, Wärtsilä, reflects on ECA-backed projects in the new global macro and...

Perspective
09 May 2025

Facing the reality of Trump 2.0

The greatest impact of the second Trump administration is likely to be through its application of tariffs on global trade flows. But its impacts on project pipelines and...