Internationalization of the yuan made significant progress in 2022 as currency trading and demand from financial institutions outside of the Chinese mainland surged, and more international trade in goods and services was settled in the Chinese currency.
In Depth: What’s in Store for Yuan Internationalization in 2023?
2023年01月27日 21:18
A program to encourage yuan-denominated share issuance in Hong Kong and the launch of a Swap Connect scheme for offshore institutional investors should help boost the currency’s popularity
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- An expected recovery in the Chinese economy, and the launch of programs such as the Swap Connect and yuan-denominated share trading in Hong Kong, are likely to boost offshore demand for the currency.
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