BRICS Tests Dollar-Free Trade with China’s CIPS
Brazil hosts BRICS as a local bank taps China’s CIPS to bypass the US dollar, signaling a shift toward dollar-free trade payments.
CIPS
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HSBC Joins CIPS, Accelerating RMB’s Global Reach
HSBC Hong Kong’s integration into China’s CIPS marks a significant step in the global expansion of the renminbi, enhancing international trade and financial transactions.