Standard Chartered Bank (Hong Kong) Limited, which became the first foreign bank to participate directly in China’s Cross-Border Interbank Payment System (CIPS) in 2023, said on Sept 8 it has completed system build and upgrade to connect via CIPS with clearing institution NUCC (NetUnion Clearing Corporation), enabling real-time execution of cross-border clearing instructions and processing of clearing transactions for partner institutions.

2026-09-08

Standard Chartered Bank (Hong Kong) Limited, which became the first foreign bank to participate directly in China’s Cross-Border Interbank Payment System (CIPS) in 2023, said on Sept 8 it has completed system build and upgrade to connect via CIPS with clearing institution NUCC (NetUnion Clearing Corporation), enabling real-time execution of cross-border clearing instructions and processing of clearing transactions for partner institutions.