🚨 FINANCE: GLOBAL BUSINESSES ARE QUIETLY DITCHING THE DOLLAR FOR YUAN FINANCINGA Standard Chartered survey of 300 corporates across 19 sectors finds a striking gap: 23% of revenues and 25% of costs carry yuan exposure, but only 14% of corporate debt is yuan-denominated.Companies are leaving up to 2% in annual savings on the table. Nearly a quarter with existing yuan exposure plan to increase borrowing within 3 years.The Cross-Border Interbank Payment System now connects 1,500+ institutions across 124 countr ...

Yuan financing has never been as popular as it is now, with more countries and foreign companies tapping the market, in a sign that China’s ambition to internationalize its currency is bearing fruit https://t.co/KMDuXqueWj ...