PBoC subsidiary sets up joint venture with Swift

PBoC
The People's Bank of China

A People’s Bank of China subsidiary has set up a joint venture with the payments consortium Swift, a statement from China’s official credit registry said.

The company is jointly owned by Swift and China National Clearing Centre, a subsidiary of the People’s Bank of China (PBoC). Minority shareholders include China’s Cross-border Interbank Payment System (CIPS), Payment & Clearing Association of China, and the PBoC Digital Currency Research Institute. They are all supervised by the PBoC.  

The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.