Business · Trade · 11 hrs ago
China’s cross-border yuan payments exceed last year’s total by October
China’s cross-border yuan payment network is heading for a record year.
The network, called CIPS, processed 182.8 trillion yuan, or $27.4 trillion, by October.
That total already exceeds the amount it processed in all of 2025.
CIPS has handled cross-border payments since its launch in 2015.
Its growth reflects stronger trade and greater use of the yuan for settlements.
Beijing is seeking to expand the yuan’s role in global trade and finance.
A banking strategist said rising trade and investment, along with China’s efforts to promote CIPS, are likely to keep international payments growing.
China’s Cross-Border Interbank Payment System (CIPS) processed 182.8 trillion yuan, or $27.4 trillion, through October this year, according to Bloomberg calculations based on system data.
That total has already exceeded the system’s full-year total for 2025.
CIPS is heading for its busiest year since its launch in 2015.
Robust trade and greater use of the yuan for settlements are accelerating growth.
- Who
- China’s Cross-Border Interbank Payment System (CIPS).
- What
- It processed 182.8 trillion yuan in transactions through October, exceeding its 2025 full-year total.
- When
- Through October this year; the articles were published on November 9, 2026.
- Where
- China’s cross-border payment network.
- Why
- Robust trade and greater use of the yuan for settlements are accelerating growth. China is also promoting the system and seeking to increase the yuan’s international use.
This story does not have two clearly opposing sides.
CIPS was launched.
CIPS processed 182.8 trillion yuan in transactions, exceeding its 2025 full-year total.
Bloomberg and Bloomberg HT published reports on CIPS heading for a record year.
- System
- Cross-Border Interbank Payment System (CIPS)
- Transactions through October
- 182.8 trillion yuan
- US-dollar equivalent
- $27.4 trillion
- Comparison
- Through-October transactions exceeded the 2025 full-year total
- Launch
- 2015
2 sources
What people are saying
Thanks to China’s continued efforts to promote the system, payments made through CIPS reached a new record level this year. At the same time, international payments are also rising as China’s trade and investment volumes grow. Both trends are likely to continue.