The Model Design and "11th Five-Year" Development Forecast for the High-value Payment Clearing in China

The high-value payment clearing is considered as "the circulating pipeline" for the system of finance and banking. China has begun to construct the special purpose network for China\´s financial data satellite communication since 1989, practise the electronic interbank project - "universe joint" since 1995, come up with the system of high-value real time payment entirely since 2005, hereby reduced the difference between the developed countries and China. The digital and network high-value payment clearing upholds strongly the stable growth of the national economy. This paper forms the model for the relationship of the high-value payment clearing sum and GDP, meanwhile does structural analysis, built-in tests and policy assess, and then forms the time sequence model of the high-value payment clearing, and forecasts the "11th Five-Year" high-value payment clearing according to the model, in the end brings forward the way of the future development in the high-value payment clearing business