China CIPS Annual Payment System Statistics 2024 (Latest Data & Historical Trends)
Annual CIPS statistics including transaction count, payment value in RMB and USD from 2015 to 2024. Shows the rapid growth of China's Cross-Border Interbank Payment System from 48,000 to 1.75 million transactions. Free API access.
Quick Answer
China's CIPS Annual Payment System Statistics data for 2024. Historical data available from 2015 to 2024, covering 10 years. Data source: Cross-Border Interbank Payment System (CIPS).
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What is CIPS? China's Cross-Border RMB Payment System
CIPS (Cross-Border Interbank Payment System) is China's dedicated infrastructure for RMB-denominated cross-border payments and clearing, operated under the People's Bank of China. Launched in October 2015, it combines payment messaging and settlement in a single system — unlike SWIFT, which is a pure messaging network requiring separate correspondent banking arrangements.
CIPS vs SWIFT: SWIFT processes over 40 million messages daily across 11,000+ institutions in 200+ countries. CIPS has 100+ direct participants and 1,300+ indirect participants in 110+ countries as of 2024. CIPS settles directly in RMB, removing the need for USD as an intermediary currency.
Why this data matters: Daily CIPS volume is a direct real-time indicator of RMB internationalization — particularly among countries reducing reliance on the dollar-based correspondent banking system.
Data published daily by CIPS (cips.com.cn). See also: CIPS Monthly · CIPS Annual
China CIPS Annual Payment System Statistics
Data Table
10 data points| Year | Transactions 10k | Value trillion rmb | Value billion usd |
|---|---|---|---|
| 2015 | 0.48 | 2.36 | 0.08 |
| 2016 | 4.36 | 18 | 0.66 |
| 2017 | 14.55 | 125.9 | 2.15 |
| 2018 | 26.45 | 144.2 | 4 |
| 2019 | 33.93 | 188.4 | 4.92 |
| 2020 | 45.27 | 220.49 | 6.56 |
| 2021 | 79.6 | 334.9 | 12.68 |
| 2022 | 96.7 | 440.04 | 14.03 |
| 2023 | 123.06 | 661.33 | 17.09 |
| 2024 | 175.49 | 821.69 | 24.47 |
About This Dataset
Annual CIPS statistics including transaction count, payment value in RMB and USD from 2015 to 2024. Shows the rapid growth of China's Cross-Border Interbank Payment System from 48,000 to 1.75 million transactions. Free API access.
China's China CIPS Annual Payment System Statistics in 2024 was N/A (transactions (10K), value (trillion RMB), value (billion USD)). The dataset spans 10 data points from 2015 to 2024, updated yearly.
API
curl https://chinadata.live/api/v2/data/china-cips-payment-system-annual 📚 How to Cite This Data
Citation Format:
China Data Portal (2026). China CIPS Annual Payment System Statistics. Retrieved from https://chinadata.live/data/china-cips-payment-system-annual/
Primary Source:
Cross-Border Interbank Payment System (CIPS)
Last Updated:
2026-05-15T15:03:28.589Z
API Access:
GET https://chinadata.live/api/v2/data/china-cips-payment-system-annual Frequently Asked Questions
What is China's China CIPS Annual Payment System Statistics in 2024?
China's China CIPS Annual Payment System Statistics data for 2024 is available with 10 data points covering 2015 to 2024.
How does China's China CIPS Annual Payment System Statistics compare globally?
China is one of the world's leading economies. Our dataset provides comprehensive China CIPS Annual Payment System Statistics data from 2015 to 2024, sourced from Cross-Border Interbank Payment System (CIPS).
Where can I download China CIPS Annual Payment System Statistics data?
You can download China CIPS Annual Payment System Statistics data from China Data Portal via our free API at https://chinadata.live/api/v2/data/china-cips-payment-system-annual. Data is available in JSON and CSV formats.
What is the data range for China CIPS Annual Payment System Statistics?
The China CIPS Annual Payment System Statistics dataset covers 2015 to 2024, with 10 data points. Data source: Cross-Border Interbank Payment System (CIPS).