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People's Bank of China solicits public opinions on 'Rules for Renminbi Cross-border Payment System' to better meet the needs of CIPS business development
Summary: The People's Bank of China has solicited public opinions on the 'Rules for Renminbi Cross-border Payment System (Draft for Solicitation of Opinions)'. The 'Rules' specify detailed processes such as account management, capital injection, and fund settlement for CIPS participants. With the continuous optimization of CIPS functions and services, it is necessary to adjust relevant content ...
The People's Bank of China has solicited public opinions on the 'Rules for Renminbi Cross-border Payment System (Draft for Solicitation of Opinions)'. The 'Rules' specify detailed processes such as account management, capital injection, and fund settlement for CIPS participants. With the continuous optimization of CIPS functions and services, it is necessary to adjust relevant content of the 'Rules', only proposing principled requirements for participants' business behaviors to ensure the forward-looking and scientific nature of regulatory documents, effectively adapting to the needs of CIPS business development and functional upgrades.
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Link: People's Bank of China solicits public opinions on 'Rules for Renminbi Cross-border Payment System' to better meet the needs of CIPS business development [Copy]
