Payment System

This tag is associated with 2 posts

Russia, China Deepen Stock Exchange Ties

Posted by EM_Equity ⋅ July 23, 2015 ⋅ Leave a comment

Russia’s largest exchange group the Moscow Exchange (MOEX) and the China Financial Futures Exchange (CFFEX) signed an Memorandum of Understanding (MoU) on Thursday that will help further develop financial ties between the countries. The MoU signed by both exchanges aims to strengthen the bilateral partnership and facilitate the development of both parties through information sharing, reciprocal … Continue reading →

More De-Dollarization: China’s Global Payment System Ready And Could Launch By September

Posted by EM_Equity ⋅ March 9, 2015 ⋅ 8 Comments

China’s long-awaited global payment system to process cross-border yuan transactions is ready and could launch as early as September, Reuters reported on Monday, citing sources with direct knowledge of the matter. The launch of the China International Payment System (CIPS) will pave the way for internationalizing the yuan and should greatly increase global usage of the Chinese currency by cutting … Continue reading →