上海加快开放金融服务 推动国际金融中心建设 - 2017年06月21日

SHANGHAI will accelerate opening up in financial services to build an international financial center and serve the Belt and Road initiative, authorities told the Lujiazui Forum yesterday.

Zhou Xiaochuan, governor of the People’s Bank of China, said the Cross-border Interbank Payment System will soon be launched in Shanghai to help internationalization of the yuan and construction of the initiative.

The system provides clearing and payment services for financial institutions in the cross-border and offshore yuan business, and the first phase started in 2015 to mainly deal with trade, direct investment and financing businesses.