Reported about 1 year ago
According to the latest 'RMB Internationalization White Paper' released by the Bank of China on June 10, 2024, the yuan's global payment share reached 4.14% by the end of last year, a significant increase of 2.23 percentage points from January 2023. Nearly 60% of overseas financial institutions are considering increasing RMB assets, and over 80% of enterprises believe that the yuan's status in the next decade will be on par with the Japanese yen and British pound, indicating the steady progress of the internationalization of the yuan. The white paper, based on a questionnaire survey involving 3,777 domestic and foreign companies and overseas financial institutions conducted by the Bank of China in January this year, details the ongoing deepening of RMB internationalization, attributed to regional integration, trade and financial cooperation between China and related regions, and China's firm trade position globally and regionally.
Source: YAHOO