FINANCE

China to Unify Rules to Boost Yuan’s Global Use

Published: Oct. 31, 2025 7:02 p.m. GMT+8

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China’s central bank is planning a sweeping consolidation of rules governing the yuan’s use in cross-border transactions to accelerate its internationalization, according to a new report that signals a push to eliminate policy inconsistencies.

In its 2025 yuan internationalization report released on Oct. 30, the People’s Bank of China (PBOC) said it will comprehensively clean up and integrate policies for cross-border trade, investment and financial services conducted in the Chinese currency.

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China’s central bank plans to unify rules for cross-border yuan transactions to advance yuan internationalization.
Initiatives include expanding the Cross-Border Interbank Payment System (CIPS) and researching digital yuan use in international payments.
As of June, CIPS had 1,690 participants, 64% outside China; over 90% of nonbank payment institutions’ cross-border settlements now use yuan.

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