[Standard Chartered Hong Kong launches cross-border RMB online payment and clearing services and becomes the first overseas foreign bank to connect with Netlink Clearing Company’s clearing business in real time] September 8th, according to Standard Chartered Bank news, Standard Chartered Bank (Hong Kong) Limited ("Standard Chartered Hong Kong") has been actively deepening its connection with CIPS and expanding business scenarios since becoming the first overseas foreign bank to directly participate in the RMB Cross-border Payment System (CIPS) in 2023. Standard Chartered Hong Kong announced today (September 8) that it has completed the construction and upgrade of relevant systems, and can achieve docking with the clearing institution Network Clearing Co., Ltd. (NUCC) through the CIPS platform, supporting it in real-time to execute cross-border clearing instructions and complete its clearing transaction processing for cooperative institutions.