The global business appetite for China\u2019s yuan is strengthening as Beijing\u2019s long-term campaign to internationalise its currency gains traction, according to a new industry white paper.<\/p>\n
More than 95 per cent of overseas companies expect to maintain or increase their cross-border yuan settlements over the coming year, according to the latest findings from Bank of China, one of the country\u2019s leading state-owned lenders.<\/p>\n
The report, released this week, showed that 34.5 per cent of surveyed overseas companies were expecting their cross-border yuan settlements to increase further, while 61.4 per cent anticipated no change. The findings were said to reflect a \u201csteadying willingness\u201d to use the yuan, with the proportion of overseas companies expecting a decline in usage plunging to 4.1 per cent from 21.6 per cent a year earlier.<\/p>\n
The survey, conducted in January and February, polled 3,501 businesses, including 2,488 domestic firms and 1,013 overseas companies. Among the foreign participants, 582 were Chinese funded and 431 were non-Chinese funded. An additional 108 responses came from overseas commercial banks.<\/p>\n
The findings come as Beijing steps up efforts to promote the yuan\u2019s international use through bilateral currency-swap agreements, expanded cross-border payment infrastructure, and deeper offshore liquidity pools.<\/p>\n
The survey also pointed to a growing willingness among overseas companies to hold yuan assets. The share of overseas companies planning to hold their yuan earnings as deposits for future trade payments with China rose to a five-year high of 32 per cent in 2025, up 6.4 percentage points from a year earlier. The report attributed this trend to \u201cthe relatively stable purchasing power\u201d of the currency.<\/p>\n
China faces rising costs across the board during 3rd week of Iran war<\/p>\n","protected":false},"excerpt":{"rendered":"The global business appetite for China\u2019s yuan is strengthening as Beijing\u2019s long-term campaign to internationalise its currency gains…\n","protected":false},"author":2,"featured_media":531454,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[174],"tags":[2714,1793,79,381,13947,179,18,19,16243,17,36841,46951,2708,28023],"class_list":["post-531453","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-bank-of-china","tag-beijing","tag-business","tag-china","tag-communist-party","tag-economy","tag-eire","tag-ie","tag-international-monetary-fund","tag-ireland","tag-president-xi-jinping","tag-qiushi","tag-us-dollar","tag-yuan"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116736790797468524","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/531453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=531453"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/531453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/531454"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=531453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=531453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=531453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}