Favourable conditions for the increase included the launch of regional pilot projects in the Greater Bay Area, Shanghai Free Trade Zone and Hainan Free Trade Port, according to a report on the yuan’s internationalisation of by the China Banking Association. Photo: Imaginechina Favourable conditions for the increase included the launch of regional pilot projects in the Greater Bay Area, Shanghai Free Trade Zone and Hainan Free Trade Port, according to a report on the yuan’s internationalisation of by the China Banking Association. Photo: Imaginechina
Favourable conditions for the increase included the launch of regional pilot projects in the Greater Bay Area, Shanghai Free Trade Zone and Hainan Free Trade Port, according to a report on the yuan’s internationalisation of by the China Banking Association. Photo: Imaginechina
Currencies

China’s yuan internationalisation faces coronavirus, geopolitical threats despite record cross-border use

  • China’s cross-border settlements in yuan accounted for a record 47.4 per cent of all of domestic and foreign currency transactions last year
  • Cross-border use of the yuan surged by 44.3 per cent year on year to 28.38 trillion yuan (US$4.37 trillion)

Topic |   Currencies
Favourable conditions for the increase included the launch of regional pilot projects in the Greater Bay Area, Shanghai Free Trade Zone and Hainan Free Trade Port, according to a report on the yuan’s internationalisation of by the China Banking Association. Photo: Imaginechina Favourable conditions for the increase included the launch of regional pilot projects in the Greater Bay Area, Shanghai Free Trade Zone and Hainan Free Trade Port, according to a report on the yuan’s internationalisation of by the China Banking Association. Photo: Imaginechina
Favourable conditions for the increase included the launch of regional pilot projects in the Greater Bay Area, Shanghai Free Trade Zone and Hainan Free Trade Port, according to a report on the yuan’s internationalisation of by the China Banking Association. Photo: Imaginechina
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