The Cross-Border RMB Payment System (CIPS) signed contracts with six foreign institutions
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币界网报道：According to CCTV News, the Cross-Border Payment System (CIPS) Cross-Border Bank-Enterprise Cooperation Special Event was held in Shanghai. The Cross-Border Payment System (CIPS) held a signing ceremony for direct participants with 6 foreign institutions and a direct participant launch ceremony with Bangkok Bank of Thailand. Among them, Standard Bank, African Export-Import Bank, First Abu Dhabi Bank, EldikBank of Kyrgyzstan and United Overseas Bank became direct participants of CIPS, marking the first time that foreign direct participants of CIPS have covered Africa, the Middle East, Central Asia and Singapore offshore RMB centers, which will further facilitate the use of cross-border RMB.
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