The central bank is publicly soliciting opinions on the "Business Rules for the Cross-Border Payment System of Renminbi" to better meet the needs of CIPS business development

ChainCatcher news, according to Jinshi Data, the People's Bank of China is publicly soliciting opinions on the "Business Rules for the Cross-Border Payment System of Renminbi (Draft for Comments)." The "Business Rules" clarify the detailed processes for 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 proposing principled requirements for participants' business behaviors to ensure the foresight and scientific nature of normative documents, effectively adapting to the needs of CIPS business development and functional upgrades.