Trending News: The man who hiccupped more than 430 million times over 68 yearsStandard Chartered lifts 2030 earnings target to 18% with Hong Kong at core: CEO Winters‘Sanju Samson should be captain’- Ex-India cricketer wants CSK to sack Ruturaj GaikwadEgypt’s Lost Golden City of Luxor reveals an ancient world frozen in timeIshan Kishan’s whistle taunt at Chepauk crowd goes viral after SRH beat CSKDOJ announces $1.8bn fund to compensate Trump allies‘I felt blessed from upstairs’: Ishan Kishan dedicates SRH playoff-clinching knock to grieving cousinPak sends new Iranian peace proposal to USOne last time in yellow? MS Dhoni leaves Chepauk emotional after SRH defeatYouTuber Markiplier reveals when fans can watch Iron Lung at home after box office successChinese firm Xpeng builds driverless cabs, likely to challenge Tesla’s FSD software in AI raceBig calls expected on Virat Kohli, Rohit Sharma, Ravindra Jadeja’s futureIndian man reveals the ‘most dreaded’ question officer asks during interviewWith 7 matches to go, SRH and GT qualify; final spot up for grabs — odds for each team explained“Crocodiles are easy. They try to kill and eat you. People are harder. Sometimes they pretend to be your friend first.”China’s old ‘Motown’, Shanghai bets on robotaxis, better batteries for a GDP bumpCSK’s Sanju Samson makes IPL history, breaks MS Dhoni’s record to become …Riot Games removes Arcane song “Remember Me” featuring D4vd amid first-degree murder caseHong Kong property upswing poised to hold despite interest rates risk: Moody’sMS Dhoni enters field at Chepauk for final home appearance of IPL 2026This mysterious floating lake with circular islands in India is also home to one of the world’s longest snakesRare! D Gukesh’s World C’ship Challenger Javokhir Sindarov plays classical chess against bedridden Alireza FirouzjaTexas whistleblower asks how H-1Bs live in beautiful, $800,000 houses, blames Biden for giving out loansCSK vs SRH: Tempers flare as Sanju Samson and Heinrich Klaasen clash after stumping dismissalActive shooter at Islamic Center of San Diego, nearby elementary school evacuatedIshan Kishan shines as SRH qualify for playoffs after beating CSK by five wickets“A failure is not always a mistake, it may simply be the best one can do under the circumstances. The real mistake is to stop trying.”Ruturaj Gaikwad says CSK will return as ‘much more stronger unit’ as IPL 2026 playoff hopes fadeGreen Card is not a visa, you can’t hand it back if you don’t like it, warns Immigration attorneyCSK’s ‘Arjuna’ who refuses to attack26°C scorcher on the way, hotter than Athens and BarcelonaIPL 2026 | ‘It doesn’t matter whether MS Dhoni plays’: Sanjay Manjrekar makes brutally honest remarkHow close have the US and China come to conflict before?Pakistan’s Shan Masood included in ICC’s special jury to pick greatest cricketers of last 25 yearsPanic spreads as F-1 visa slots vanish within minutes in India, experts ask students to be patient‘MS Dhoni, where is he?’: Excited Ravi Shashtri sends Chepauk crowd into frenzy at tossWhy Stephen Colbert getting ‘Trumped’ has a Bollywood twistBaidu says AI now primary business driver despite 2% drop in first-quarter revenueGM Aravindh Chithambaram becomes first Indian chess player to qualify for Esports World Cup 2026“One has to be sane to think clearly, but one can think deeply and be quite insane.”Global growth of pure EVs faces hurdles in insurance, charging gaps, says BNP ParibasA 4 PM CSK call, UAE roots, and a Yuvraj Singh tribute with 6 sixes in an overTexas kid’s remains found 4 years after he mysteriously disappeared; Mother, stepfather fled to India with six other childrenAs China’s yuan emerges as a global currency, Beijing faces a balancing actPunjab Kings contradict physio’s statement, say Arshdeep Singh is ‘fully fit’Croatia airlines plane skids off runway during aborted take-off‘What derailed our campaign was inability to…’- PBKS coach’s honest admission after sixth straight lossA billionaire’s $150 million gift made Yale Drama free and gave young artists room to dreamEvergrande liquidators seek US$8.4 billion from PwC entities in Hong Kong lawsuit‘We play this venue as an away venue’- DC coach’s explosive remark after home strugglesThe Nobel-winning idea that was once considered bizarreLi Auto leads retreat in Chinese EV stocks as price cuts on marquee models raise concernsMS Dhoni trains with NSG commandos as CSK fans wait for Chepauk returnUK pensioners lose thousands in fake officer scam, authorities issue urgent warningFull list of matches, dates, timings, venuesInside the shocking rise of abandoned “ghost houses” across the nationRising secondary home prices in China’s major cities in April stoke hopes of stabilityPredicted playing XI, head-to-head, pitch report, Chennai weather updateElon Musk sharply condemns child’s gender transition and vows to destroy the ‘woke mind virus’Ganguly reveals how he fought selectors for Dravid, reshaped India’s ODI teamHow Fremont, Scottsdale and Overland Park built happier communitiesJannik Sinner becomes first Italian to win Rome Masters in 50 years, completes Career Golden MastersA 2,000-year-old mystery still alive todayChinese tech stocks shrug off regional weakness to regain momentum after Xi-Trump meetingDhoni ahead of CSK’s final home game300+ military drones & Iran links: Did Cuba plan a strike on a US naval base?Will MS Dhoni play today in CSK’s final home game of the season?Taiwan absent from White House China visit summary amid Iran, trade focusChinese banks see stabilising margins as resilient economy offsets property risks: expertsWith 8 matches to go, RCB officially qualify; DC’s chances rise to 19.5% — odds for each team explainedUK police search for man after ‘Jews will be beheaded one by one’ slogan shouted on London streetMainland Chinese demand for Hong Kong homes grows on yuan gains and rising rents‘Vaibhav Sooryavanshi hasn’t continued as much as we’d like’- RR coach on conversion issuesWhen Princess Diana made a quiet sacrifice for William and Harry that showed the mother she truly wasRCB’s Virat Kohli widens gap over Warner and KL Rahul; becomes only batter in IPL history to …How Nike founder Phil Knight’s $2 billion gift is reshaping cancer care in AmericaWith Himalayas watching, Virat Kohli breaks his own IPL record in Dharamsala to become …5 longest walls on Earth rankedKL Rahul scripts history, breaks AB de Villiers record for most…Steve Jobs son Reed Jobs plans to invest in cancer startupsRCB qualify for playoffs while DC stay alive in raceMan held after van injures pedestrian during protests over removal of flags in Birmingham‘We shouldn’t be in top 4’- Riyan Parag’s brutal RR reality check after DC defeatColbert exit sparks fears for political satire in AmericaRiyan Parag’s late gamble backfires as Delhi Capitals stay alive with win over RRPolice launch probe after fatal robbery attack in UK’s East BelfastRCB’s ’49’ dig at Punjab Kings goes viral after dominant IPL win in DharamsalaBackyard snake now a noose? Back-to-back attacks tarnish Pak army’s reputationShreyas Iyer turns philosophical after PBKS’ playoff setbackWhy this 23-year-old moved to Australia to buy home back in UKVaibhav Sooryavanshi scripts history, becomes Indian with most…From uranium transfer to frozen assets, US sets 5 conditions in response to Iran’s proposalRuthless RCB storm into playoffs as Punjab Kings slump to sixth straight defeatDozens arrested at Tommy Robinson march in London; Elon Musk calls Britain ‘prison island’IPL 2026 rewrites record books with historic surge of 200-plus totals23-year-old Tushar Kumar becomes UK’s youngest Indian-origin mayor in BorehamwoodChina ramps up building a national computing power network as AI token demand surgesShreyas Iyer and Punjab Kings script unwanted all-time T20 record after RCB carnageBangladesh’s viral buffaloes resembling Donald Trump and Benjamin Netanyahu steal spotlightHong Kong High Court to hear Evergrande liquidators’ lawsuit against PwC on Monday
Tue. May 19th, 2026
Trending News: The man who hiccupped more than 430 million times over 68 yearsStandard Chartered lifts 2030 earnings target to 18% with Hong Kong at core: CEO Winters‘Sanju Samson should be captain’- Ex-India cricketer wants CSK to sack Ruturaj GaikwadEgypt’s Lost Golden City of Luxor reveals an ancient world frozen in timeIshan Kishan’s whistle taunt at Chepauk crowd goes viral after SRH beat CSKDOJ announces $1.8bn fund to compensate Trump allies‘I felt blessed from upstairs’: Ishan Kishan dedicates SRH playoff-clinching knock to grieving cousinPak sends new Iranian peace proposal to USOne last time in yellow? MS Dhoni leaves Chepauk emotional after SRH defeatYouTuber Markiplier reveals when fans can watch Iron Lung at home after box office successChinese firm Xpeng builds driverless cabs, likely to challenge Tesla’s FSD software in AI raceBig calls expected on Virat Kohli, Rohit Sharma, Ravindra Jadeja’s futureIndian man reveals the ‘most dreaded’ question officer asks during interviewWith 7 matches to go, SRH and GT qualify; final spot up for grabs — odds for each team explained“Crocodiles are easy. They try to kill and eat you. People are harder. Sometimes they pretend to be your friend first.”China’s old ‘Motown’, Shanghai bets on robotaxis, better batteries for a GDP bumpCSK’s Sanju Samson makes IPL history, breaks MS Dhoni’s record to become …Riot Games removes Arcane song “Remember Me” featuring D4vd amid first-degree murder caseHong Kong property upswing poised to hold despite interest rates risk: Moody’sMS Dhoni enters field at Chepauk for final home appearance of IPL 2026This mysterious floating lake with circular islands in India is also home to one of the world’s longest snakesRare! D Gukesh’s World C’ship Challenger Javokhir Sindarov plays classical chess against bedridden Alireza FirouzjaTexas whistleblower asks how H-1Bs live in beautiful, $800,000 houses, blames Biden for giving out loansCSK vs SRH: Tempers flare as Sanju Samson and Heinrich Klaasen clash after stumping dismissalActive shooter at Islamic Center of San Diego, nearby elementary school evacuatedIshan Kishan shines as SRH qualify for playoffs after beating CSK by five wickets“A failure is not always a mistake, it may simply be the best one can do under the circumstances. The real mistake is to stop trying.”Ruturaj Gaikwad says CSK will return as ‘much more stronger unit’ as IPL 2026 playoff hopes fadeGreen Card is not a visa, you can’t hand it back if you don’t like it, warns Immigration attorneyCSK’s ‘Arjuna’ who refuses to attack26°C scorcher on the way, hotter than Athens and BarcelonaIPL 2026 | ‘It doesn’t matter whether MS Dhoni plays’: Sanjay Manjrekar makes brutally honest remarkHow close have the US and China come to conflict before?Pakistan’s Shan Masood included in ICC’s special jury to pick greatest cricketers of last 25 yearsPanic spreads as F-1 visa slots vanish within minutes in India, experts ask students to be patient‘MS Dhoni, where is he?’: Excited Ravi Shashtri sends Chepauk crowd into frenzy at tossWhy Stephen Colbert getting ‘Trumped’ has a Bollywood twistBaidu says AI now primary business driver despite 2% drop in first-quarter revenueGM Aravindh Chithambaram becomes first Indian chess player to qualify for Esports World Cup 2026“One has to be sane to think clearly, but one can think deeply and be quite insane.”Global growth of pure EVs faces hurdles in insurance, charging gaps, says BNP ParibasA 4 PM CSK call, UAE roots, and a Yuvraj Singh tribute with 6 sixes in an overTexas kid’s remains found 4 years after he mysteriously disappeared; Mother, stepfather fled to India with six other childrenAs China’s yuan emerges as a global currency, Beijing faces a balancing actPunjab Kings contradict physio’s statement, say Arshdeep Singh is ‘fully fit’Croatia airlines plane skids off runway during aborted take-off‘What derailed our campaign was inability to…’- PBKS coach’s honest admission after sixth straight lossA billionaire’s $150 million gift made Yale Drama free and gave young artists room to dreamEvergrande liquidators seek US$8.4 billion from PwC entities in Hong Kong lawsuit‘We play this venue as an away venue’- DC coach’s explosive remark after home strugglesThe Nobel-winning idea that was once considered bizarreLi Auto leads retreat in Chinese EV stocks as price cuts on marquee models raise concernsMS Dhoni trains with NSG commandos as CSK fans wait for Chepauk returnUK pensioners lose thousands in fake officer scam, authorities issue urgent warningFull list of matches, dates, timings, venuesInside the shocking rise of abandoned “ghost houses” across the nationRising secondary home prices in China’s major cities in April stoke hopes of stabilityPredicted playing XI, head-to-head, pitch report, Chennai weather updateElon Musk sharply condemns child’s gender transition and vows to destroy the ‘woke mind virus’Ganguly reveals how he fought selectors for Dravid, reshaped India’s ODI teamHow Fremont, Scottsdale and Overland Park built happier communitiesJannik Sinner becomes first Italian to win Rome Masters in 50 years, completes Career Golden MastersA 2,000-year-old mystery still alive todayChinese tech stocks shrug off regional weakness to regain momentum after Xi-Trump meetingDhoni ahead of CSK’s final home game300+ military drones & Iran links: Did Cuba plan a strike on a US naval base?Will MS Dhoni play today in CSK’s final home game of the season?Taiwan absent from White House China visit summary amid Iran, trade focusChinese banks see stabilising margins as resilient economy offsets property risks: expertsWith 8 matches to go, RCB officially qualify; DC’s chances rise to 19.5% — odds for each team explainedUK police search for man after ‘Jews will be beheaded one by one’ slogan shouted on London streetMainland Chinese demand for Hong Kong homes grows on yuan gains and rising rents‘Vaibhav Sooryavanshi hasn’t continued as much as we’d like’- RR coach on conversion issuesWhen Princess Diana made a quiet sacrifice for William and Harry that showed the mother she truly wasRCB’s Virat Kohli widens gap over Warner and KL Rahul; becomes only batter in IPL history to …How Nike founder Phil Knight’s $2 billion gift is reshaping cancer care in AmericaWith Himalayas watching, Virat Kohli breaks his own IPL record in Dharamsala to become …5 longest walls on Earth rankedKL Rahul scripts history, breaks AB de Villiers record for most…Steve Jobs son Reed Jobs plans to invest in cancer startupsRCB qualify for playoffs while DC stay alive in raceMan held after van injures pedestrian during protests over removal of flags in Birmingham‘We shouldn’t be in top 4’- Riyan Parag’s brutal RR reality check after DC defeatColbert exit sparks fears for political satire in AmericaRiyan Parag’s late gamble backfires as Delhi Capitals stay alive with win over RRPolice launch probe after fatal robbery attack in UK’s East BelfastRCB’s ’49’ dig at Punjab Kings goes viral after dominant IPL win in DharamsalaBackyard snake now a noose? Back-to-back attacks tarnish Pak army’s reputationShreyas Iyer turns philosophical after PBKS’ playoff setbackWhy this 23-year-old moved to Australia to buy home back in UKVaibhav Sooryavanshi scripts history, becomes Indian with most…From uranium transfer to frozen assets, US sets 5 conditions in response to Iran’s proposalRuthless RCB storm into playoffs as Punjab Kings slump to sixth straight defeatDozens arrested at Tommy Robinson march in London; Elon Musk calls Britain ‘prison island’IPL 2026 rewrites record books with historic surge of 200-plus totals23-year-old Tushar Kumar becomes UK’s youngest Indian-origin mayor in BorehamwoodChina ramps up building a national computing power network as AI token demand surgesShreyas Iyer and Punjab Kings script unwanted all-time T20 record after RCB carnageBangladesh’s viral buffaloes resembling Donald Trump and Benjamin Netanyahu steal spotlightHong Kong High Court to hear Evergrande liquidators’ lawsuit against PwC on Monday
Tue. May 19th, 2026

Yuan rapidly gaining ground as Chinese firms plot global expansion

Yuan rapidly gaining ground as Chinese firms plot global expansion


Chinese companies expanding overseas are increasingly using the yuan for financing and payments to build their international operations, boosting the currency’s growing clout in international trade and investment.

“Based on my calculation, 10 per cent of our company’s total orders were priced and settled in renminbi,” said Yang Feng, finance director for overseas marketing at Sieyuan Electric, in a panel discussion organised by Standard Chartered at the China International Import Expo in Shanghai on November 7. The details of the panel discussion were posted on the bank’s official WeChat account on Friday.

He added that most Chinese companies that have business partnerships with Sieyuan “are often each other’s suppliers or customers, giving both sides a strong incentive to settle transactions in yuan”.

Shenzhen-listed Sieyuan Electric, which designs, manufactures and sells power transmission and distribution equipment, has operations in many countries, including the UK, Italy, Saudi Arabia and Kuwait.

Standard Chartered expects the Chinese government to promote greater use of the yuan in international transactions. Photo: Xinhua
Standard Chartered expects the Chinese government to promote greater use of the yuan in international transactions. Photo: Xinhua

In the first six months of the year, the use of the yuan in cross-border payments totalled 35 trillion yuan (US$4.9 trillion), up 14 per cent from a year earlier, according to the People’s Bank of China.

    • Media365

    Related Posts

    Business
    Standard Chartered lifts 2030 earnings target to 18% with Hong Kong at core: CEO Winters
    Standard Chartered lifts 2030 earnings target to 18% with Hong Kong at core: CEO Winters

    Standard Chartered has raised its 2030 earnings target to 18 per cent by expanding wealth, cross-border banking and digital businesses, with Hong Kong at the centre of its growth story,…

    Continue reading
    Business
    Chinese firm Xpeng builds driverless cabs, likely to challenge Tesla’s FSD software in AI race
    Chinese firm Xpeng builds driverless cabs, likely to challenge Tesla’s FSD software in AI race

    Chinese electric vehicle (EV) maker Xpeng has begun mass production of autonomous cabs powered by its own chips, likely to mount yet another challenge on Tesla as both companies pursue…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *