China says yuan’s global rise is ‘irreversible’ – and has a strategy to back it up

South China Morning Post Thursday 10 September 2026, 12:11 UTC By Ji Siqi 1 min read

Key Points

Chinese financial authorities have pledged further steps to expand the yuan’s global use amid a broader de-dollarisation trend, while vowing to make listing on mainland stock exchanges the “primary” choice for top-tier domestic companies. “The internationalisation of the yuan is a continuous and steady process, and an irreversible trend,” said Lu Lei, deputy governor of the People’s Bank of China (PBOC), at a press conference on Thursday. To meet growing demand from market participants...

China (LOCATION) Chinese (ORG) Lu Lei (PERSON) the People’s Bank of China (PBOC (ORG)

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China says yuan’s global rise is ‘irreversible’ – and has a strategy to back it up

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