RMB adoption surging, says Swift, with more to come
One third of the world’s financial institutions are now using RMB for payments to China and Hong Kong, according to the September RMB Tracker from the Society for Worldwide Interbank Financial Telecommunication (Swift). The acceleration has been accompanied by a tripling of RMB payments value over the last two years and an intensification of efforts to prepare for the upcoming Shanghai-Hong Kong Stock Connect launch.
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