Europe Accounts For 10% Of The World'S Yuan.

In the past year, four European countries have ranked among the ten largest offshore RMB centers, among which the United Kingdom is the leader, including Britain, France, Germany and Luxemburg, ranking second, sixth, eighth and nine places respectively.

The report shows that from July last year to July of this year, the amount of direct exchange payments made by Europe and China and Hongkong increased by 105%, indicating a significant upward trend in the use of RMB.

During the period, the growth rate in Britain was the fastest, the growth rate reached 123.6%, Germany's growth rate was 116%, the growth rate of France and Luxemburg was 43.5% and 41.9% respectively.

SWIFT Asia Pacific payment Marketing Director

For most of these Europe

Hub, the main trading partner of the renminbi is still the Greater China region.

However, the total offshore capital flows in some countries such as Luxemburg have increased, and their business seems to have changed significantly.

In the future, with the internationalization of RMB, the contribution of offshore capital flows is expected to increase gradually.

On the whole, the renminbi has consolidated its seventh most commonly used global.

It accounts for 1.57% of the total global payment.

In July this year, the value of Renminbi payment increased by 3% compared with June.

From a global perspective, the value of all currencies in the same period increased by only 2%.