China Wants Banks to Up Yuan Use in Cross-Border Transactions

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China Wants Banks to Up Yuan Use in Cross-Border Transactions

pymnts.com/news/cross-border-commerce/cross-border-payments/2025/china-wants-banks-to-up-yuan-use-in-cross-border-transactions

China’s central bank is reportedly asking lenders to use more yuan in cross-border transactions.
The People’s Bank of China has increased the base ratio for yuan-denominated trade transactions from 25% to 40%, Bloomberg News reported Monday (May 26), citing sources familiar with the…

This story appeared on pymnts.com, 2025-05-26 19:34:49.