Cips expands hours, but Swift sees more work to do

The China cross-border interbank payment system (Cips) started 24 hour operations on May 2, the central bank announced. But Swift thinks there is plenty of room to improve China's clearing and settlement infrastructure.
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Or sign up for a trial to gain full access to the entire site for a limited period.
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
Further Reading
-
GlobalRMB
China market round-up: CPI rises, November credit data surprises, China sets up oil and gas giant
-
GlobalRMB
China policy round-up: Trump said to sign trade deal, China wraps up annual economic planning meeting, Macau to become contingency plan for Hong Kong
-
GlobalRMB
Veolia plans return to Panda market, mandates banks
-
Asia - The GlobalCapital View
China needs to get going on TLAC bonds