Bank of China unveiled the 2026 White Paper on the Global Use of RMB (hereinafter referred to as the "White Paper") on June 9, providing a comprehensive overview of the new trends and developments of the market. 

Leveraging its global service network, BOC compiled the White Paper after collecting and analyzing the feedback from approximately 2,500 domestic enterprises, over 1,000 foreign enterprises from 43 countries and regions, and more than 100 commercial banks across 27 countries and regions. It helps market entities to take better advantage of the new opportunities the international use of RMB brings about.

The White Paper highlights the increasingly vital role of the international use of RMB in supporting the real economy and facilitating cross-border trade and investment with China's efforts to advance high-standard opening-up. The offshore RMB market continues to grow, and driven by the needs of domestic and international market entities, the international use of RMB continues to make positive progress.

The international use of RMB is stable with a positive trend. Domestic and foreign enterprises maintain stable expectations for the international use of RMB, with more than 60% of the surveyed foreign industrial and commercial enterprises planning to maintain their current levels of RMB cross-border usage. In terms of financing, over half of the foreign enterprises that already use RMB financing have either increased or plan to increase their RMB financing levels, indicating a shift from using RMB financing as a "tool" to a "habit".

The willingness to use RMB for pricing continues to improve. More than 60% of the surveyed domestic enterprises reported that their foreign trade partners are "fairly accepting or fully accepting" of RMB pricing and settlement. Additionally, more foreign enterprises are using RMB as a means of preserving purchasing power, with over 30% of the surveyed foreign enterprises holding their RMB income as deposits, marking the highest level in the past five years.

The service guarantee for the real economy provided by RMB cross-border usage has been strengthened. Among enterprises whose export and import income accounts for more than 50% of total revenue, 40% reported that RMB settlements account for over 50% of their cross-border transactions. Nearly 40% of surveyed small and micro enterprises also reported that RMB settlements exceed 50% of their cross-border transactions. The survey also shows that more enterprises are using a combination of various cross-border RMB products and services to better meet their transaction needs.

The international use of RMB is showing positive growth. Nearly 70% of the surveyed foreign commercial banks reported that the growth rate of their RMB business is not lower than their overall business growth rate, and over 90% plan to further increase their cross-border RMB products and services. Among foreign enterprises surveyed, over 80% reported improved convenience in using RMB, while more than 90% positively recognize the efficiency of cross-border RMB payments.

As the main bank for cross-border RMB usage, BOC continues to build a comprehensive service system. Its institutional network covers 64 countries and regions, with RMB business operations in 58 of them, and serves as the clearing bank authorized by the People's Bank of China in 18 countries and regions. Its clearing network includes 46 direct participants of the Cross-Border Interbank Payment System (CIPS) and approximately 800 indirect participants, with over 1,600 clearing accounts opened for foreign participating banks. In terms of BOC's cross-border business, RMB settlements reached RMB 43.3 trillion in 2025, with clearing volumes nearing RMB 1,000 trillion.

BOC remains committed to providing high-quality cross-border RMB products and services, reinforcing its role as a leading financial service provider in advancing the international use of RMB.