Aug 29, 2023 06:07 AM

FINANCE

Global Central Banks Continue to Tap Yuan Via Currency Swap

By Wang Shiyu, Ren Jing and Denise Jia

00:00

00:00/00:00

Listen to this article 1x

What’s new: Partner nations continued to tap their foreign-exchange swap lines with China in the second quarter as China pushes the yuan for cross-border transactions.

The outstanding balance of all foreign currency swaps was 115.08 billion yuan ($15.78 billion) at the end of June, about 6 billion yuan more than at the end of March, according to data reported by the People’s Bank of China (PBOC).

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: Saudi Power Giant ACWA Bets Big on China’s Renewable Energy Market

5: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently

SPONSORED

OR