A Look at China's Payment and Settlement System

来源: CHINA FOREX 2016 Issue 4 作者:Yang Tao and Chen Li

The payment and settlement system is an essential part of a nation's financial infrastructure,and it can ensure the smooth operation of a wide range of financial transactions. The Decision on Some Major Issues of Fully Deepening Reforms by the Central Committee of the Communist Party of China,a key document reached at the Third Plenary Session of the 18th Central Committee of the Chinese Communist Party,states the need to strengthen financial infrastructure,ensure safe and efficient operation of financial markets and maintain overall stability.

At present,China's payment and settlement system is developing rapidly,and the opportunities and challenges are becoming increasingly prominent,and the payment and settlement system has come to the forefront of theoretical research.

China's payment and settlement architecture consists of the People's Bank of China payment and settlement system,the third party payment and settlement system and securities clearing and settlement.

New Technological Challenges

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