The central bank has publicly solicited opinions on the "Business Rules for the Renminbi Cross-border Payment System (CIPS)" to better meet the needs of CIPS business development.

According to Jin10 Data, the People's Bank of China has publicly solicited opinions on the "Business Rules for the Renminbi Cross-border Interbank Payment System (Draft for Comments)." The "Business Rules" clarify detailed processes such as account management, capital injection, and fund settlement for CIPS participants. With the continuous optimization of CIPS functions and services, it is necessary to adjust the relevant content of the "Business Rules," only putting forward principled requirements for participants' business behaviors to ensure the foresight and scientific nature of normative documents, effectively adapting to the development and functional upgrades of CIPS business. [ChainCatcher]