Central Bank: Banks' Client-Side RMB Cross-Border Receipts and Payments Total 42.4 Trillion Yuan in H1, Up 21.4% Year-on-Year

[Central Bank: Banks' Client-Side RMB Cross-Border Receipts and Payments Total 42.4 Trillion Yuan in H1, Up 21.4% Year-on-Year]

The central bank released the 2026 RMB Internationalization Report, stating that from January to June 2026, banks' client-side RMB cross-border receipts and payments totaled 42.4 trillion yuan, up 21.4% year-on-year. The RMB has become the largest settlement currency for China's external receipts and payments, the second-largest trade finance currency globally, the third-largest payment currency (on a full-scope basis), and the fifth-largest foreign exchange trading currency; the RMB's weight in the International Monetary Fund (IMF) Special Drawing Rights (SDR) currency basket ranks third globally.