2015-06-24-中国人民银行-中国支付体系发展报告2012（中英文）_260页_5mb

Summary of 2012 China Payment System Development Report

Basic Information

The 2012 China Payment System Development Report was issued by the People's Bank of China (PBC) on July 11, 2013, as part of the "Financial Service Report of the People's Bank of China." This report, the sixth in the series, comprehensively introduced the achievements in China's payment system in 2012. By January 18, 2012, the PBC and related institutions had released numerous policies and notices. The detailed content is described below, covering payment systems, securities settlement systems, and other key aspects.

Payment System Development (2012)

1. HVPS and BEPS Development

• High-value Payment System (HVPS): In 2012, the total volume of transactions increased by 31.02%, with a value growth of 30.35%.
• Bulk Electronic Payment System (BEPS): Saw 34.10% growth in transaction volume and 1.03% growth in value.
• Performance: The system availability reached up to 99.998%, with stable operations and enhanced emergency management capabilities.

2. Internationalization of UnionPay System

• UnionPay processed 11.28 billion transactions with a total value of CNY 19.36 trillion, up 8.66% in volume and 21.53% in value.
• UnionPay achieved acceptance in 135 countries and regions, covering 1.93 million merchants and 100.25 million ATM terminals, marking significant global market expansion.

3. Growth of Non-cash Payments

• Transactions by cards and online payments continued to rise sharply; internet payment volumes reached CNY 3.8 trillion in 2012.
• Mobile payment usage increased 116.46%, supporting demand from the mobile internet era.

Securities Settlement System Operation

1. Central Bond Generalized System (CBGS)

• Bond issuance volume increased by 160.42%, totaling nearly CNY 18.7 trillion in face value.
• Achieved higher integration in registration and custody processes.

2. ETFs and LOF Development

• The growth rate of Exchange-Traded Funds (ETFs) and listed open-end funds (LOFs) exceeded 100% in 2012.

Core Indicators for 2012

Conclusion

2012 was a year of stable growth and international expansion for China's payment system and securities market. Linking multiple industries, infrastructure drove improved liquidity and efficiency. Future trends include digital payments, stronger system integration, and risk management improvements.