Story perspectives

Yuan Settlement Demand Soars to 1.22 Trillion Yuan Amid Middle East Tensions

4/9/2026

Summary

Story summary

CIPS posted a record value of 1.22 trillion yuan (US$178.5 billion) and 42,000 transactions, signaling higher yuan settlement demand amid Middle East tensions.
Analysts, including Ding Shuang of Standard Chartered, say the conflict catalyzed this demand, especially for oil trade.
The surge followed a strong March, during which daily transactions averaged 920.45 billion yuan and were aided by yuan stability and investment in payment infrastructure, with offshore yuan trading near 6.834 per dollar.

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Story summary

CIPS posted a record value of 1.22 trillion yuan (US$178.5 billion) and 42,000 transactions, signaling higher yuan settlement demand amid Middle East tensions.
Analysts, including Ding Shuang of Standard Chartered, say the conflict catalyzed this demand, especially for oil trade.
The surge followed a strong March, during which daily transactions averaged 920.45 billion yuan and were aided by yuan stability and investment in payment infrastructure, with offshore yuan trading near 6.834 per dollar.