BEIJING - An index released by Bank of China (BOC) on Wednesday showed that the yuan became more popular in cross-border and overseas use in the first quarter.
The Cross-border RMB Index (CRI), an indicator of the currency's activities in cross-border and overseas transactions, hit a record 278 points in the first three months, surging by 47 percent year on year.
The BOC said demand for the Chinese currency from the overseas market had grown.
The BOC is the country's major channel for the yuan's cross-border circulation and has been working on the popularization of the currency as China seeks to promote the use of the currency in the global market.
In the first quarter, the BOC's cross-border settlement in yuan soared by 71 percent year on year to 1.49 trillion yuan ($240.3 billion).
HSBC Malta offers trading with China in yuan
Bank of China to list yuan bond on Luxembourg Stock Exchange
Reducing risks in yuan trading
Yuan enters new era with freer float
|
 |
 |
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
