RMB payment infrastructure
China CIPS Payment System Data
Track China's Cross-Border Interbank Payment System through official CIPS transaction volume, RMB settlement value, operating rules, and related RMB internationalization datasets.
CIPS Phase I went live in October 2015; Phase II entered full operation in May 2018.
CIPS supports long operating hours and uses a hybrid RTGS plus deferred net settlement model.
The system supports cross-border RMB payments, PvP, DvP, central counterparty settlement, and other RMB transactions.
CIPS Data Pages
Use these pages for charts, tables, CSV downloads, and JSON API access.
CIPS Monthly Transaction Volume
Current monthly payment count and RMB settlement value series.
View datasetCIPS Annual Statistics
Long-run annual CIPS growth, participant coverage, and settlement value.
View datasetCIPS Daily Archive
Historical daily archive preserved after the old public daily feed changed.
View datasetHow CIPS Works
CIPS is a wholesale payment system approved by the People's Bank of China for cross-border RMB clearing and settlement.
Direct participants hold CIPS accounts and connect directly to the system. Indirect participants do not hold CIPS accounts but route business through direct participants.
The 2026 business rules describe zero-balance direct participant accounts, participant risk management, liquidity management, queue handling, and finality rules for settled transactions.
Source Notes
Operating model and product scope are summarized from the official CIPS English introduction.
Rule interpretation is based on the official RMB Cross-Border Payment System Business Rules, effective February 1, 2026.
Sources: CIPS Know CIPS and CIPS business rules PDF.