'Iran Acted As Catalyst': China’s Cross-Border Payment Sees All-Time High, Yuan Settlements Surge

1 hour ago 3

ARTICLE AD BOX

Last Updated:April 10, 2026, 11:38 IST

Yuan based settlements surge as Middle East tensions rise, Chinas CIPS hits record 1.22 trillion yuan in single day, March daily value up nearly 50 percent from February

Rising demand for yuan-based settlements amid Middle East tensions is pushing transactions in China’s cross-border payment system to record levels, analysts said, reflecting years of efforts to strengthen its financial infrastructure and expand its global reach.

“The Middle East conflict may have acted as a catalyst," said Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered, reported

Handpicked stories, in your inbox

A newsletter with the best of our journalism

First Published:

April 10, 2026, 11:38 IST

News world 'Iran Acted As Catalyst': China’s Cross-Border Payment Sees All-Time High, Yuan Settlements Surge

Disclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Read Entire Article