SCBHK becomes the first foreign bank in China's overseas market to be qualified as a CIPS direct participant
![](https://uploadfile.ltdcdn.com/uploadfile/image/0/467/309/2022-02/16449192903739.jpg?imageView2/1/w/720/h/405)
SCBHK announced that it has obtained the approval of the CIPS, becoming the first foreign bank to be qualified as a direct participant in the RMB CIPS in markets outside China.