China National Advanced Payment System, run by the central bank, includes the largevalue payment system that provides large-value and urgent small-value cross-bank real-time settlement services and the retail payment system, a netting payment system, whose customers are many small& medium-sized enterprises and individuals. Due to the huge economic size, the payment & settlement system managed by the central bank involves huge transaction volumes.
In his book Finance and the Good Society, he writes: “Finance, despite its flaws and excesses, is a force with the potential to help create a more prosperous and more equitable society”. There is much to suggest that a developed financial sector is good for a country’s welfare and economic progress.