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CNAPS

The China National Advanced Payment System, operated by the People's Bank of China, serves as the core infrastructure for large-value fund clearing within China. It processes high-value interbank fund transfers and functions as the primary real-time gross settlement system for domestic financial institutions.

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Oct 9

An interbank transfer chain typically passes through nodes including the paying bank, the clearing network (such as the High-Value Payment System CNAPS or the bulk electronic payment system), and the receiving bank.

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