China CIPS Transaction Volume 2026 (Monthly Data)
Official monthly CIPS transaction count and RMB payment value, built for tracking China's cross-border RMB settlement volume across 2025-2026.
Quick Answer
China CIPS monthly transaction volume in 2026-05 was 669,270 transactions, ¥14.15T RMB settled, $2.07T USD approx. USD equivalent. This official dataset covers 2025-03 to 2026-05 and reports payment count plus RMB settlement value for China's Cross-Border Interbank Payment System.
39 words • Optimized for Featured Snippets
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.
Currency display: CIPS publishes settlement value in RMB. China Data Portal keeps the official RMB value and adds an approximate USD equivalent for international readers. USD equivalents use PBC RMB/USD monthly rates; latest page conversion uses 2026-05 RMB/USD 6.82.
Data published daily by CIPS (cips.com.cn). See also: CIPS Monthly · CIPS Annual
China CIPS Monthly Transaction Volume
Data Table
15 data points| Year | Transactions | Official RMB value (Billion RMB) | USD value / equivalent | USD basis |
|---|---|---|---|---|
| 2025-03 | 677,460 transactions | 15,910.44B RMB | $2.22T USD approx. | 2025-03 RMB/USD 7.18 |
| 2025-04 | 709,720 transactions | 16,668.08B RMB | $2.32T USD approx. | 2025-04 RMB/USD 7.2 |
| 2025-05 | 585,580 transactions | 12,220.42B RMB | $1.7T USD approx. | 2025-05 RMB/USD 7.18 |
| 2025-06 | 700,770 transactions | 14,365.05B RMB | $2.01T USD approx. | 2025-06 RMB/USD 7.16 |
| 2025-07 | 783,150 transactions | 15,599.06B RMB | $2.18T USD approx. | 2025-07 RMB/USD 7.15 |
| 2025-08 | 692,370 transactions | 13,991.67B RMB | $1.97T USD approx. | 2025-08 RMB/USD 7.1 |
| 2025-09 | 682,080 transactions | 14,473.41B RMB | $2.04T USD approx. | 2025-09 RMB/USD 7.11 |
| 2025-10 | 506,160 transactions | 9,934.38B RMB | $1.4T USD approx. | 2025-10 RMB/USD 7.09 |
| 2025-11 | 686,000 transactions | 14,970.2B RMB | $2.1T USD approx. | 2025-11 RMB/USD 7.12 |
| 2025-12 | 829,380 transactions | 16,302.86B RMB | $2.31T USD approx. | 2025-12 RMB/USD 7.05 |
| 2026-01 | 731,060 transactions | 16,985.76B RMB | $2.44T USD approx. | 2026-01 RMB/USD 6.97 |
| 2026-02 | 518,600 transactions | 12,394.8B RMB | $1.79T USD approx. | 2026-02 RMB/USD 6.91 |
| 2026-03 | 750,540 transactions | 19,329.45B RMB | $2.81T USD approx. | 2026-03 RMB/USD 6.89 |
| 2026-04 | 758,520 transactions | 16,258B RMB | $2.38T USD approx. | 2026-04 RMB/USD 6.84 |
| 2026-05 | 669,270 transactions | 14,151.06B RMB | $2.07T USD approx. | 2026-05 RMB/USD 6.82 |
About This Dataset
Monthly transaction count and RMB payment value for China's Cross-Border Interbank Payment System (CIPS) — the official RMB settlement network for global cross-border payments. Data sourced from CIPS official statistics, covering 2025 to present with free API and CSV download.
China's CIPS monthly transaction volume in 2026-05 was 669,270 transactions, ¥14.15T RMB settled, $2.07T USD approx. USD equivalent. The dataset spans 15 data points from 2025-03 to 2026-05, updated monthly.
API
curl https://chinadata.live/api/v2/data/china-cips-payment-system-monthly 📚 How to Cite This Data
Latest (2026-05)
669,270 transactions · ¥14.15T RMB settled · $2.07T USD approx.
Citation Format:
China Data Portal (2026). China CIPS Monthly Transaction Volume. Retrieved from https://chinadata.live/data/china-cips-payment-system-monthly/
Primary Source:
Cross-Border Interbank Payment System (CIPS)
Last Updated:
2026-07-18T04:33:49.274Z
API Access:
GET https://chinadata.live/api/v2/data/china-cips-payment-system-monthly Frequently Asked Questions
What is CIPS transaction volume in 2026-05?
CIPS transaction volume in 2026-05 was 669,270 transactions, ¥14.15T RMB settled, $2.07T USD approx. USD equivalent. This monthly page tracks official Cross-Border Interbank Payment System statistics from 2025-03 to 2026-05.
Is this CIPS data daily, monthly, or annual?
This is the monthly CIPS transaction volume dataset. Use the daily page for business-day movements, the monthly page for trend analysis, and the annual page for long-run CIPS growth from 2015 onward.
Where does the CIPS transaction volume data come from?
The data is sourced from official Cross-Border Interbank Payment System (CIPS) statistics and structured by China Data Portal for charting, CSV download, and API access.
What does CIPS monthly transaction data show?
CIPS monthly statistics show the total number of cross-border RMB payment transactions and their aggregate value (in 100 million RMB) processed through China's Cross-Border Interbank Payment System each month. This data is published officially by CIPS and is one of the key indicators for tracking RMB internationalization progress.
How has CIPS monthly volume trended in 2025–2026?
Based on available data, CIPS processes roughly 700,000–900,000 transactions per month with monthly settlement values in the range of 150,000–250,000 hundred million RMB (¥15–25 trillion). Month-over-month trends reflect seasonal trade patterns, geopolitical shifts in payment routing, and growing adoption among CIPS indirect participants.