China’s RMB Reaches 37% Adoption Across Financial Institutions

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Global financial institutions are increasingly adopting the RMB for payments. A total of 1,131 banks were using the RMB for payments with mainland China and Hong Kong, representing 37% of all institutions exchanging payments with China as of February 2016, according to SWIFT (Society for Worldwide Interbank Financial Telecommunication) data.

China Money Network

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