China CIPS Transaction Volume 2025 (Annual Data)
Official annual CIPS statistics for China's cross-border RMB payment system, including RMB settlement value and available transaction-volume history.
Quick Answer
China CIPS yearly transaction volume in 2025 was 8,441,897 transactions, ¥180.15T RMB settled, $25.55T USD approx. USD equivalent, 1,766 participants across 124 countries and regions. This official dataset covers 2015 to 2025 and reports payment count plus RMB settlement value for China's Cross-Border Interbank Payment System.
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What is CIPS? China's Cross-Border RMB Payment System
CIPS (Cross-Border Interbank Payment System) is China's dedicated infrastructure for RMB-denominated cross-border payments and clearing, operated under the People's Bank of China. Launched in October 2015, it combines payment messaging and settlement in a single system — unlike SWIFT, which is a pure messaging network requiring separate correspondent banking arrangements.
CIPS vs SWIFT: SWIFT processes over 40 million messages daily across 11,000+ institutions in 200+ countries. CIPS has 100+ direct participants and 1,300+ indirect participants in 110+ countries as of 2024. CIPS settles directly in RMB, removing the need for USD as an intermediary currency.
Why this data matters: CIPS transaction volume is a direct indicator of RMB internationalization, particularly among countries reducing reliance on the dollar-based correspondent banking system. This daily page now preserves the historical business-day archive; the monthly page is the current public update path.
Currency display: CIPS publishes settlement value in RMB. China Data Portal keeps the official RMB value and adds an approximate USD equivalent for international readers. USD equivalents use PBC RMB/USD monthly rates; latest page conversion uses derived from official RMB value.
Data sourced from official CIPS public releases. See also: CIPS Monthly · CIPS Annual
CIPS 2026 Run-Rate Estimate
Estimate, not official annual dataBased on the monthly CIPS dataset from 2026-01 to 2026-06, the 2026 annualized run-rate is 8,790,728 transactions and ¥201.88T RMB in RMB settlement value ($29.6T USD approx. USD equivalent). This estimate is shown for search and analyst context only and is not included in the official CSV/API annual series.
Method: average monthly transaction count and RMB settlement value across 6 published months, multiplied by 12. USD equivalent uses 2026-05 RMB/USD 6.82. Source series: CIPS Monthly Transaction Volume.
China CIPS Annual Transaction Volume
Data Table
11 data points| Year | Transactions | Participants | Countries / regions | Official RMB value (Trillion RMB) | USD value / equivalent | USD basis |
|---|---|---|---|---|---|---|
| 2015 | 86,703 transactions | ¥0.48T RMB | $74.1B USD approx. | derived from official RMB value | ||
| 2016 | 636,146 transactions | ¥4.36T RMB | $628.5B USD approx. | derived from official RMB value | ||
| 2017 | 1,259,063 transactions | ¥14.55T RMB | $2.23T USD approx. | derived from official RMB value | ||
| 2018 | 1,442,382 transactions | ¥26.45T RMB | $3.86T USD approx. | derived from official RMB value | ||
| 2019 | 1,884,288 transactions | ¥33.93T RMB | $4.86T USD approx. | derived from official RMB value | ||
| 2020 | 2,204,912 transactions | 1,092 | ¥45.27T RMB | $6.94T USD approx. | derived from official RMB value | |
| 2021 | 3,341,641 transactions | ¥79.6T RMB | $12.48T USD approx. | derived from official RMB value | ||
| 2022 | 4,400,375 transactions | ¥96.7T RMB | $13.89T USD approx. | derived from official RMB value | ||
| 2023 | 6,613,290 transactions | ¥123.06T RMB | $17.38T USD approx. | derived from official RMB value | ||
| 2024 | 8,216,891 transactions | 1,629 | 119 | ¥175.49T RMB | $24.41T USD approx. | derived from official RMB value |
| 2025 | 8,441,897 transactions | 1,766 | 124 | ¥180.15T RMB | $25.55T USD approx. | derived from official RMB value |
About This Dataset
Annual CIPS statistics including transaction count, payment value in RMB and derived USD equivalents from 2015 to 2025, plus participant and country coverage where reported. Shows the rapid growth of China's Cross-Border Interbank Payment System from 86,703 to 8.44 million transactions. Free API access.
China's CIPS yearly transaction volume in 2025 was 8,441,897 transactions, ¥180.15T RMB settled, $25.55T USD approx. USD equivalent, 1,766 participants across 124 countries and regions. The dataset spans 11 data points from 2015 to 2025, updated yearly.
API
curl https://chinadata.live/api/v2/data/china-cips-payment-system-annual 📚 How to Cite This Data
Latest (2025)
8,441,897 transactions · ¥180.15T RMB settled · $25.55T USD approx.
Citation Format:
China Data Portal (2026). China CIPS Annual Transaction Volume. Retrieved from https://chinadata.live/data/china-cips-payment-system-annual/
Primary Source:
People's Bank of China (PBC) and Cross-Border Interbank Payment System (CIPS)
Last Updated:
2026-08-12T04:59:38.203Z
API Access:
GET https://chinadata.live/api/v2/data/china-cips-payment-system-annual Frequently Asked Questions
What is CIPS transaction volume in 2025?
CIPS transaction volume in 2025 was 8,441,897 transactions, ¥180.15T RMB settled, $25.55T USD approx. USD equivalent, 1,766 participants across 124 countries and regions. This yearly page tracks official Cross-Border Interbank Payment System statistics from 2015 to 2025.
Is this CIPS data daily, monthly, or annual?
This is the yearly CIPS transaction volume dataset. Use the daily archive for historical business-day movements, the monthly page for current trend analysis, and the annual page for long-run CIPS growth from 2015 onward.
What is the CIPS 2026 forecast?
Based on 6 months of monthly CIPS data from 2026-01 to 2026-06, the 2026 run-rate estimate is 8,790,728 transactions and ¥201.88T RMB in RMB settlement value ($29.6T USD approx. USD equivalent). This estimate is shown separately from the official annual dataset.
Where does the CIPS transaction volume data come from?
The data is sourced from official Cross-Border Interbank Payment System (CIPS) statistics and structured by China Data Portal for charting, CSV download, and API access.
How does China's China CIPS Annual Payment System Statistics compare globally?
China is one of the world's leading economies. Our dataset provides comprehensive China CIPS Annual Payment System Statistics data from 2015 to 2025, sourced from People's Bank of China (PBC) and Cross-Border Interbank Payment System (CIPS).