On June 18, 2025, the Cross-border RMB Payment System (CIPS) Cross-border Bank-Enterprise Cooperation Special Event was held in Shanghai. The Cross-border RMB Payment System (CIPS) held a direct participant signing ceremony with 6 foreign institutions and a direct participant launch ceremony with Bangkok Bank of Thailand.

It is understood that Standard Bank, African Export-Import Bank, First Abu Dhabi Bank, Kyrgyzstan Eldik Bank, and United Overseas Bank have become direct participants of CIPS, marking the first time that foreign direct participants of CIPS have covered Africa, the Middle East, Central Asia and Singapore offshore RMB centers, which will further facilitate the use of cross-border RMB.