Story perspectives

PBOC Pledges Steps to Expand Yuan’s Global Use

By Drooid · Sep 11, 2026, 6:08 AM UTC · How we work

Summary

Story summary

People's Bank of China (PBOC) pledges steps to expand yuan’s global use.
It will increase bilateral currency swap agreements and local-currency settlement.
It will improve the Cross-Border Interbank Payment System as an alternative to SWIFT.
It will expand cross-border use cases for the digital yuan and QR-code payments.
It will reinforce Hong Kong as the premier offshore yuan hub.

1 of 1

Story summary

People's Bank of China (PBOC) pledges steps to expand yuan’s global use.
It will increase bilateral currency swap agreements and local-currency settlement.
It will improve the Cross-Border Interbank Payment System as an alternative to SWIFT.
It will expand cross-border use cases for the digital yuan and QR-code payments.
It will reinforce Hong Kong as the premier offshore yuan hub.