It is a significant financial market infrastructure in China .
The Cross-Border Interbank Payment System ( CIPS ) is a payment system which , offers clearing and settlement services for its participants in cross-border RMB payments and trade .
Payment System is a significant financial payment system   in China .
The Cross-Border Interbank Payment System ( CIPS ) is a payment system which , offers clearing and settlement services for its participants in cross-border RMB payments and trade .