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wholesale jewelry supplier usa CIPS (Phase I) is operated by cross -border bank payment clearing (Shanghai) limited liability company, which is a corporate corporate corporate legal person (hereinafter referred to as operating institutions). On September 8, 2015, the operating agency was formally established in Shanghai, and was fully responsible for the system operation and maintenance, participants' service, and business expansion of the CIPS (Phase I). After the CIPS (Phase 1) is launched, CIPS operations agency will gradually improve the functions of CIPS, strengthen internal management, and improve CIPS clearing efficiency and competitiveness in accordance with market demand. In the future, the CIPS operating agency will also strengthen communication and cooperation with other international liquidation organizations and financial infrastructure operation institutions, and strive to expand the international market. In addition, in order to better operate the CIPS, cross -border bank payment liability companies will consider capital increase and shareholding, and choose the appropriate time to be restructured to joint -stock company.
The company's supervision and management of the People's Bank of China, the People's Bank of China has formulated and issued the "Measures for the Supervision and Management of RMB Cross -border Payment System Operation Institutions" (Silver Hair [2015] No. 290), which Regulations.