CIPS expansion and RMB-payment internationalisation continued

The Cross-Border Interbank Payment System (CIPS) was further expanded through 2024–2025, with new participating banks across the BRI corridor and continued growth of RMB cross-border settlement volumes. Practical relevance for foreign workers: easier outbound remittance of RMB salaries through expanded correspondent-bank coverage, though SAFE's annual US$50,000-per-individual currency-conversion cap remains in force.