Product Definition

　　Harbin Bank can open RMB interbank accounts for both domestic and international commercial banks, facilitating their access to the RMB Cross-border Payment System (CIPS). This service offers efficient, convenient, and secure cross-border RMB clearing and settlement for both domestic and international banks and their clients.

　　Applicable Clients

　　Domestic and foreign commercial banks

　　Distinctive Advantages

　　1. Qualification Advantage: Harbin Bank serves as a direct participant in the RMB Cross-border Payment System (CIPS), thereby enabling domestic and international commercial banks to utilize the RMB cross-border payment system for the management of RMB cross-border clearing and settlement transactions.

　　2. Channel Advantage: Harbin Bank has successfully implemented CIPS standard send/receive devices, significantly enhancing the convenience, security, and timeliness of RMB cross-border information exchange.