95% of overseas firms expect to sustain or boost use of the yuan: Bank of China poll

The global business appetite for China’s yuan is strengthening as Beijing’s long-term campaign to internationalise its currency gains traction, according to a new industry white paper. More than 95 per cent of overseas companies expect to maintain or increase their cross-border yuan settlements over the coming year, according to the latest findings from Bank of China, one of the country’s leading state-owned lenders. The report, released this week, showed that 34.5 per cent of surveyed overseas.