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On 8 october 2015, cips (phase 1) was put into operation, with 19 direct participants and 176 indirect participants from 50. The company takes full charge of operation, maintenance and development of the cips, service rendering to cips participants, innovation of products, implementation of standards, expansion of. Specializing in rmb cross-border payment clearing, cips takes efforts to provide reliable, efficient, convenient and low-cost clearing and settlement services.