Greater China Banks Daily: CIPS and HKEX deepen RMB clearing cooperation; Banks launched time-limited consumer loan promotions

Research evidence excerpt

Greater China Banks Daily: CIPS and HKEX deepen RMB clearing cooperation; Banks launched time-limited consumer loan promotions

Global Research

9 July 2026ab

Greater China Banks Daily Equities

ChinaCIPS and HKEX deepen RMB clearing

cooperation; Banks launched time-limited Banks

consumer loan promotions MayAnalystYan

may.yan@ubs.com

+852-2971 7157

CIPS and HKEX deepen RMB clearing cooperation Alex Ye

Analyst

Caixin, July 8: CIPS and HKEX have signed an MoU to deepen cooperation on RMB cross- S1460522090005

border payment and clearing infrastructure. Under the agreement, OTC Clear, HKEX’s alex.ye@ubs.com

clearing house for OTC derivatives, plans to apply to become a direct participant in CIPS +86 755 2215 8858

by end-2026. Direct participants can open accounts with CIPS and process RMB cross-

Catherine Yang, CFA

border payments directly, including on behalf of indirect participants. CIPS now has Analyst

more than 1,800 institutional participants across over 190 countries and regions, S1460526010003

including 210 direct participants. The move aligns with CIPS Phase II’s goal of bringing catherine-za.yang@ubs.com

more non-mainland financial market infrastructure operators into the system. CIPS +86-755-2215 8860

transaction volumes remain strong, with June ADT near Rmb830bn and turnover Helen Li, CFA

approaching Rmb930bn on July 6. Analyst

helen-za.li@ubs.com

Banks launched time-limited consumer loan promotions +852-2971 6066

China Securities Journal, July 8: Several banks, including BOC, BOCOM and Bank of

Guilin, have launched time-limited consumer loan promotions to capture the summer

consumption peak and boost credit supply. BOC Xiamen Branch’s latest campaign runs

from July 6 to September 30, offering BOC E-Loan customers up to RMB3,000 in interest