CHINA
Currency: Chinese Yuan equals (CNY) / Renminbi (RMB)
RTGS: CIPS – China Cross-border Inter-Bank Payment System
Message format currently in use: CIPS format based on XML ISO20022
ISO migration planned? Timeline: Live, since 2015
Governing body of the migration: People’s Bank of China
Coexistence vs Big Bang approach: N/A
Like-for-like vs Enhanced content: not documented