The internationalization of the renminbi is following a steady path that responds to market demand. Its foundation lies in serving the real economy, while its primary driving force is determined by market choices and forces, said an official of China's central bank.
中国央行一名官员表示，人民币国际化沿着顺应市场需求的稳健路径推进，根基是服务实体经济，主要动力来自市场选择与市场力量。
Speaking at the Global RMB Forum during the Annual Conference of Financial Street Forum 2026, held in Beijing on Wednesday, Xi Yu, deputy director-general of the macroprudential policy bureau of the People's Bank of China, said as the international monetary system has become more diversified in recent years, an increasing number of businesses have chosen to use the RMB, also known as the yuan, for cross-border settlements.
2026 金融街论坛年会全球人民币论坛于周三在北京举办，中国人民银行宏观审慎管理局副局长席钰在论坛上表示，近年来国际货币体系更加多元，越来越多市场主体选择使用人民币开展跨境结算。
Chinese banks operating in the country — along with numerous foreign banks and financial groups — have been actively responding to this market demand by developing more use cases for the RMB and expanding their financial services.
境内中资银行以及多家外资银行、金融集团积极响应这一市场需求，不断拓展人民币应用场景，丰富金融服务供给。
"The use of the RMB has evolved from its initial applications in merchandise trade settlement, trade financing and direct investment to a broader range of areas, including financing across multiple sectors, securities investment and asset management. Both the quality and efficiency of the RMB's cross-border and international use are steadily improving," Xi said.
席钰称：“人民币使用已从最初的货物贸易结算、贸易融资、直接投资，拓展至多领域融资、证券投资、资产管理等更广范围，人民币跨境和国际使用的质量与效率稳步提升。”
The 2026 White Paper on the Global Use of RMB, unveiled by Bank of China, said the total value of cross-border RMB settlement in China was approximately 70.6 trillion yuan ($10.58 trillion) in 2025, up 10.2 percent year-on-year.
中国银行发布的《2026 全球人民币业务白皮书》显示，2025 年我国人民币跨境结算规模约 70.6 万亿元（折合 10.58 万亿美元），同比增长 10.2%。
Lu Lei, deputy governor of the PBOC, said on Sept 10 that overseas entities currently hold more than 11 trillion yuan in onshore RMB financial assets, and the cumulative issuance of panda bonds has exceeded 1.3 trillion yuan.
中国人民银行副行长陆磊 9 月 10 日表示，境外主体持有境内人民币金融资产规模已超 11 万亿元，熊猫债累计发行规模突破 1.3 万亿元。
Looking ahead, Zhang Hui, president of Bank of China, said international use of the Chinese currency has substantial room for growth. China's development is injecting greater stability and certainty into the world economy while enhancing the attractiveness of RMB-denominated assets.
中国银行行长张辉表示，放眼未来，人民币国际化使用仍有较大增长空间。中国发展为全球经济注入更多稳定性与确定性，提升了人民币资产的吸引力。
"As a virtuous cycle of borrowing, using and investing in the renminbi gathers pace worldwide, the currency is increasingly becoming a preferred choice for users around the globe seeking to improve payment efficiency, enhance investment returns and manage risks effectively," Zhang said.
张辉说：“随着人民币‘借、用、投’良性循环在全球加快形成，人民币正日益成为全球市场主体提升支付效率、获取投资收益、有效管理风险的优选货币。”
During the process, Hong Kong plays an important role in RMB clearing, financing and investment, and risk management.
在此进程中，香港在人民币清算、投融资以及风险管理方面发挥着重要作用。
Currently, more than 75 percent of global offshore RMB payments are processed through Hong Kong. As of end-July, the outstanding balance of RMB deposits and certificates of deposit in Hong Kong had reached approximately 1.3 trillion yuan, making it the world's largest offshore RMB liquidity pool. Last year, offshore RMB lending in Hong Kong hit a record high of 935 billion yuan, said Michael Wong Wai-lun, deputy financial secretary of the Hong Kong Special Administrative Region.
香港特别行政区财政司副司长黄伟纶称，目前全球超 75% 的离岸人民币支付经由香港处理；截至 7 月末，香港人民币存款及存款证余额约 1.3 万亿元，是全球最大离岸人民币资金池；去年香港离岸人民币贷款规模达到 9350 亿元，创历史新高。
The Hong Kong SAR government is actively advancing a range of measures to expand the offshore RMB market and make it deeper and more stable. To enhance offshore RMB liquidity, the Hong Kong Monetary Authority has increased the size of its RMB Business Facility to 500 billion yuan and extended the loan tenor to up to three years, Wong said.
黄伟纶表示，香港特区政府正积极推出多项举措，扩容、深耕、稳固离岸人民币市场。为提升离岸人民币流动性，香港金融管理局已将人民币流动性安排额度提升至 5000 亿元，并把贷款期限最长延长至 3 年。
In addition, Hong Kong is promoting the issuance of a wider variety of offshore RMB products and will further improve the offshore RMB yield curve, he said.
他还提到，香港正推动发行更多品类的离岸人民币产品，进一步完善离岸人民币收益率曲线。
RMB business is also an important part of the broader UK-China financial relationship. According to this year's London RMB business annual report, the total cumulative RMB clearing volume in London reached 48.15 trillion yuan in 2025, and the average daily clearing volume increased by 55.33 percent to 191.09 billion yuan.
人民币业务也是中英金融合作的重要组成部分。本年度伦敦人民币业务年报显示，2025 年伦敦人民币累计清算量达 48.15 万亿元，日均清算量增长 55.33%，至 1910.9 亿元。
internationalization /ɪnˌtɜːˌnæʃnəlaɪˈzeɪʃn/n. 国际化
settlement /ˈsetlmənt/n. 结算；清算
offshore /ˌɒfˈʃɔː(r)/adj. 离岸的
liquidity /lɪˈkwɪdəti/n. 流动性
