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Regulation Macro

Chinese Banks to Extend Large-Value Payment System Hours from Oct 17, 2026

Agricultural Development Bank of China, Bank of China, China Merchants Bank, Bank of Shanghai, Beijing Rural Commercial Bank and other Chinese lenders have jointly announced an extension of the large-value payment system’s operating hours under a People’s Bank of China arrangement. The PBOC Clearing Center said in July that from Oct 17, 2026, service hours will expand from 5×21+12 hours to 5×22.5+13.5 hours.

Original source

AI take

The extension is incremental in hours but meaningful in direction: China's high-value rails are edging toward round-the-clock operation, which matters for cross-border settlement and tokenized asset flows that cannot wait for a domestic cut-off. The named banks are the first visible cohort, and their operational readiness will signal whether the wider system follows. Whether this becomes a genuine 24/7 backbone or remains a modest widening of the window is the open question.

Generated by AI for reference only.

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