China hedges its bets to make yuan a global favourite
China is stepping up efforts to internationalize the yuan, shifting its attention from trade settlement to building a wider financial ecosystem that covers investment, financing, hedging and reserve use of the currency.
October 16, 2026 (MLN): China is stepping up efforts to internationalize the yuan, shifting its attention from trade settlement to building a wider financial ecosystem that covers investment, financing, hedging and reserve use of the currency. Beijing is working on the infrastructure needed to support greater global use of the yuan in financing and investment, and to strengthen its standing as a reserve currency, ac...