Different paces and purposes: Is the process of RMB internationalization diverging across different regions?

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Caixin: Standard Chartered Bank’s latest research report focusing on the internationalization of the Renminbi indicates that there is a significant gap between global companies’ exposure to the Renminbi in trade and supply chains and their use of the currency for financing. Among them, incorporating the Renminbi into financing structures could potentially save up to 2% annually in costs.

The report titled “The Flowing Renminbi: New Cross-Border Momentum for Enterprises,” published on March 11, 2026, is based on a survey of nearly 300 large companies across 19 industries worldwide. The report shows that 23% of the surveyed companies’ revenue and 25% of their costs involve Renminbi exposure, while only 14% of their debt is denominated in Renminbi, indicating a broader potential for the currency’s use in corporate financing.

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