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China to launch 2nd phase of cross-border interbank payment sys. for RMB

ThesecondphaseoftheCross-borderInterbankPaymentSystem(CIPS)willbelaunchedinShanghaitopromotetheglobaluseoftheChinesecurrencyandtheBeltandRoadInitiative.Theupcom

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CIPS seeks greater share of cross-border yuan payments

China's cross-border yuan payment system is improving its security and messaging standards in an attempt to become a mainstream platform for clearing and settling cross-border yuan payment.