China’s cross border payments system debuted this week to little fanfare. The hours are short, for one thing. Here’s what bears watching as CIPS works through growing pains.
The long-awaited China International Payment System is ready for launch, sources said, according to a Reuters report yesterday (July 13). But the system likely won’t be the full version it was originally envisioned to be. Instead, this version is said to be much more scaled back, those...
July 14, 2015
The long-awaited China International Payment System is ready for launch, sources said, according to a Reuters report yesterday (July 13). But the system likely won’t be the full version it was originally envisioned to be. Instead, this version is said to be much more scaled back, those sources indicated. This news, of course, has swirled the headlines […]