Core Insights - The latest SWIFT data indicates that by September 2025, the Chinese yuan will rise to the fifth position in global payment currencies, accounting for 3.17% of the total [1] - The yuan's payment amount increased by 15.53% compared to August 2025, while the overall payment amount for all currencies rose by 6.74% [1] - The SWIFT statistics only include offshore payment messages and some cross-border payment messages, meaning a significant amount of yuan cross-border transactions are not captured [1] Group 1 - The ranking of the yuan as the third largest global payment currency is based on a comprehensive assessment that includes data from the Cross-Border Interbank Payment System (CIPS) and domestic bank systems, providing a more accurate reflection of the yuan's international payment status [1] - The People's Bank of China (PBOC) has stated that, when considering all data, the yuan has already become the third largest payment currency globally as of June 2025 [1]