The Clearing Center of the People's Bank of China is an enterprise legal person directly under the People's Bank of China, and it is a national financial service institution that provides payment, clearing and related services for the central bank, commercial banks and the whole society. 202 1 1 16, China People's Bank Clearing Center, China People's Bank digital currency Research Institute, Cross-border Inter-bank Payment and Clearing Co., Ltd. (CIPS), China Payment and Clearing Association, and Society for Worldwide Interbank Financial Communication (Swift Hong Kong subsidiary) jointly established Financial Gateway Information Service Co., Ltd.
The payment and clearing systems operated, maintained and managed by the clearing center of the People's Bank of China include: large real-time payment system (HVPS), small batch payment system (BEPS), national check image exchange system (CIS), domestic foreign currency payment system (CDFCPS), electronic commercial bill system (ECDS) and online payment interbank clearing system (IBPS), which are important financial infrastructure and national and social capital flows in China. It is the unremitting efforts of the clearing center to "establish and improve a unified, efficient and safe payment and clearing system", create a harmonious payment and build a harmonious financial service environment. The General Clearing Center is conscientiously implementing the deployment of the Party Committee of the People's Bank of China, solidly promoting the construction of the payment and clearing system, fully ensuring the safe and stable operation of the payment and clearing system, vigorously expanding the field of clearing services, striving to improve the level of payment and clearing services, and realizing the goal of "the mainstay of central bank payment".