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Official Launch of CIPS International RMB Letter of Credit Service
7 hour ago /
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Author：小编
The Cross-border Interbank Payment System (CIPS) Company has officially unveiled its International RMB Letter of Credit Service. This innovative offering is designed to streamline international trade for market entities, utilizing the Renminbi (RMB) as the settlement currency. The launch ceremony was attended by representatives from the overseas branches of the five major state-owned banks, several prominent foreign banks, and leading Chinese enterprises. The introduction of this service marks a significant milestone in enhancing bilateral RMB trade settlement between China and various regions globally.
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