A currency dealer in Quetta, Pakistan. As of the end of the second quarter, overseas institutional and individual holdings of yuan-denominated financial assets totalled US$717 billion, according to ICBC International. Photo: AFP

US-China trade war is helping to boost use of yuan in international transactions

Overseas holdings of Chinese currency by institutions, individuals and central banks is on the rise

Topic |   China economy

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A currency dealer in Quetta, Pakistan. As of the end of the second quarter, overseas institutional and individual holdings of yuan-denominated financial assets totalled US$717 billion, according to ICBC International. Photo: AFP
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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.