Standard Chartered China's response to being approved as a CIPS fund custodian: We will provide solid support for building a more smooth and stable RMB cross-border payment ecosystem.

The RMB cross-border payment system's fund custody banks recently ushered in a new round of expansion. As of April 2026, the total number of CIPS fund custody banks has increased to 14, with 4 new banks including DBS Bank Limited. On April 23, the head of DBS China's related business accepted an interview with reporters, stating that DBS Bank was recently approved as a fund custody bank for CIPS. "This is not only a high recognition of our bank's custody business capabilities and system stability, but also an important demonstration of our deep integration into China's financial infrastructure."