The global use of Renminbi is influenced by geopolitics, macroeconomic conditions, infrastructure, and technology
The global use of Renminbi is influenced by geopolitics, macroeconomic conditions, infrastructure, and technology
Surveyed institutions continue to adopt RMB in cross-border trade, driven by cost benefits and foreign exchange risk management
The majority of institutions surveyed attribute their increased Renminbi usage to China’s investments and partnerships facilitated by the Belt and Road Initiative
Rising borrowing costs, reduced demand, and stringent credit barriers have dampened growth prospects, and these factors are unlikely to shift given the current economic climate
Transaction banks in the Middle East are expanding services in non-oil businesses with high growth potential, in line with economic diversification, and to mitigate geopolitical instability in countries in the Gulf Cooperation Council
Trade finance is gradually digitalising amid evolving e-commerce models, driven by technology and sustainability; the $2.5 trillion global trade finance gap affecting SMEs prompts innovation in blockchain, tokenisation, and sustainability, despite geopolitical complexities