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Pan Gongsheng: CN Initially Establishes Multi-channel, Wide-coverage RMB Cross-border Payment & Clearing Network
Pan Gongsheng, Governor of the People's Bank of China (PBOC), said at the Lujiazui Forum that issues faced by the traditional cross-border payment system have become increasing...
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Pan Gongsheng: CN Initially Establishes Multi-channel, Wide-coverage RMB Cross-border Payment & Clearing Network
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Pan Gongsheng, Governor of the People's Bank of China (PBOC), said at the Lujiazui Forum that issues faced by the traditional cross-border payment system have become increasingly prominent in recent years.

There is a growing global demand to improve cross-border payment systems, with emerging payment infrastructures and settlement methods continually emerging, driving the global cross-border payment system towards being more efficient, secure, inclusive and diverse.

Related NewsCentral Parity of USD/ RMB Gains 34 bps to 7.1695
The trend will continue to grow in the future. After more than a decade of construction and development, China has initially established a multi-channel, wide-coverage RMB cross-border payment and clearing network.

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