CIPS Co.,Ltd.

Cross-border Interbank Payment System (hereinafter referred to as the "CIPS") is a wholesale payment system. CIPS always puts clearing security in a prominent position, so as to realize the dual drive of financial technology innovation and system safety production. CIPS is committed to providing participants with reliable, efficient, convenient and low-cost clearing and settlement services. CIPS provides business scope including Cross-border Trade, Cross-border Direct Investment and Financing, Cross-border Remittance，Financial Market Transactions（DvP, PvP, CCP）, Clearing Institution Debit-Credit Business. By the end of December 2020, the number of CIPS Direct Participants has reached 42. The total amount of CIPS lndirect Participants has reached 1050.