2026人民币国际使用白皮书

Member of the Writers Team Head Office: Xiong YuanmengWang MinShenzhen Branch: Yan YaruSuzhou Branch: Zheng HuaiyingGu JunFujian Branch: Tuo HuijunYe Hui I. Introduction........................................................................................................................04II. Macro Environment and Positive Progress of the Global Use of RMB.......................................................................................................................................................06III. Policy Support for the Cross-border Use of RMB(I) Enhancing Convenience of Cross-border RMB Settlement..................................12(II) Upgrading Supporting Facilities for RMB Bond Investment and Financing......12(III) Building a Multi-Channel, Complementary Cross-border Payment andSettlement System...................................................................................................................13(IV) Promoting Development of Offshore RMB Markets..............................................14IV. Description on the Market Survey Sample of This Year........................17 VI. The Cross-border Use of RMB by Domestic Enterprises of China(i) Cross border use of RMB by domestic enterprises and the relevantassessments and feedbacks................................................................................................(ii) Cross-border use of RMB by Different Types of Domestic Industrial andCommercial Enterprises.........................................................................................................VII. RMB Products and Service in Offshore Markets(i) Overview of Offshore RMB Products and Services..................................................(ii) Offshore RMB Exchange and the Supporting Exchange Rate RiskManagement Services............................................................................................................(iii) Clearing Infrastructure and Service Channels.......................................................... Introduction The Bank of China White Paper on the Global Use of RMB (hereinafterreferred to as the White Paper) is an annual report issued by Bank of China.The report is based on a questionnaire survey which was conducted by Bank The 2026 survey received feedback from over 3,600 market entities from 43countries and regions worldwide, including 2,488 domestic enterprises, 582 The questions covered the level of global use of RMB, evaluation of RMB'srole as an international currency, preferences and evaluation oncross-border RMB products and services, service channels and the related Chapter I Introduction The survey results show that the intention to use cross-border RMB bydomestic and foreign market entities was stable; the role of RMB as aninternational currency and the service experience by enterprises usingcross-border RMB was improving; the role of RMB in facilitating The steady growth of China's economy and foreign trade has laid a solidfoundation for sustaining long-term growth in demand for cross-border useo f R M B a n d c r e a t e d r i c h a p p l i c a t i o n s c e n a r i o s . T h e c o n t i n u o u simprovement in China's institutional opening-up to the outside world and the Macro Environment and Positive Progress of the Global Use of RMB Chapter II Macro Environment andPositive Progress of the 1. The share of emerging market and developing economies in According to the IMF's World Economic Outlook released in January2026, emerging market and developing economies grew by 4.4% in2025, 1.1 percentage points higher than the global economic growth China's economy grew by 5% in 2025, with total output exceeding RMB140 trillion, contributing about 30% of the global growth. China's 2. Foreign trade of Asian countries, including China, maintained According to the WTO's Global Trade Outlook and Statistics reportreleased in March 2026, global trade volume grew by 4.6% in 2025, Macro Environment and Positive Progress of the Global Use of RMB In 2025, China's total goods trade exceeded RMB 45 trillion,accounting for about 12% of global goods trade. China's goods trade Compared with other major economies, RMB market interest ratesremained at a relatively low level. Taking the 10-year tenor as an example, 3. RMB interest rates remained low. 4. The RMB exchange rate remained generally stable. China's price level remained stable. Compared with major economies,China's year-on-year CPI growth was lower than that of major large At end of 2025, the RMB exchange rate indexes against the CFETScurrency basket, the BIS currency basket, and the SDR basket stood Macro Environment and Positive Progress of the Global Use of RMB The Bank of China Cross-border RMB Index (CRI), which tracks theactivity of cross-border use of RMB, generally trended upward, closingat 368 points at the end of 2025, higher than that for the previous year. 5.The cross-border RMB settlement in China continued to expand. Against t