Research On Risk Management Of Payment System Of People's Bank Of China

Under the new circumstances, our socio-economic rapid development and continuous payment methods innovation, the People's Bank of China, based on the successful experience of the first generation payment system, successfully launched the second generation payment system in October 2013. The second generation payment system is also called CNAPS2 which stands for China National Advanced Payment System 2. The successful launch of CNAPS2 can not only enhance the level of central bank's financial services, effectively meet various settlement requirements and improve clearing efficiency for different types of business, but also bring an unprecedented opportunity for China's banking financial institutions to make financial innovation attempts and optimize social recourse allocation.However, opportunity always exists with challenge. During the promotion and practical application process of CNAPS2, the risks in its functional design and operation management are increasingly apparent. Once system in the event of major risk is bound to affect entire development of the national economy, which makes it extremely important to strengthen the second generation payment system risk management and to ensure the safe and stable operation of the system.This paper uses CNAPS2 as the research object. Due to the imperfection of risk management after CNAPS2 on-line, we have to further study to find out how to prevent system risks under the new environment, thus to enhance the operation and maintenance management of CNAPS2.