DBS China approved as CIPS funds custodian bank: will provide solid support for building a smoother and more robust RMB cross-border payment ecosystem

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The Renminbi Cross-Border Interbank Payment System (CIPS) fund custodian banks have recently undergone a new round of expansion. As of April 2026, the total number of CIPS fund custodian banks has increased to 14, including four new banks, among them DBS Bank (China) Limited. On April 23, a person in charge of related businesses at DBS China stated that as a fund custodian bank, DBS China will provide secure and compliant fund account management services for CIPS overseas direct participants. Leveraging DBS’s network advantages in Asia, it will help improve CIPS’s liquidity management level and provide solid support for building a more smooth and robust Renminbi cross-border payment ecosystem. (Shanghai Securities News)

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