Xinhua
24 Jun 2022, 14:30 GMT+10
BEIJING, June 24 (Xinhua) -- The Chinese currency renminbi (RMB), or the yuan, has retained its position as the fifth most active currency for global payments by value in May with a larger share, said the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial messaging services.
The RMB's share in global payment accounted for 2.15 percent last month, up from the 2.14-percent share in April, showed a monthly report published by the SWIFT.
The value of RMB payments increased by 4.04 percent compared to April 2022, while in general, all payments currencies increased by 3.88 percent, the report said.
In terms of international payments excluding payments within the Eurozone, the RMB ranked sixth with a share of 1.43 percent last month.
The Hong Kong Special Administrative Region is the largest market for offshore RMB transactions, taking up 73.63 percent, followed by the United Kingdom, Singapore and the United States, according to the report.
Get a daily dose of Hong Kong Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Hong Kong Herald.
More InformationSHANGHAI, China: As Shanghai reports no new cases of Covid for the first time in two months, Shanghai's top communist ...
BEIJING, China - China says it applauds Nepal's decision to withdraw from the United States government's State Partnership Program-SPP.Wang Wenbin, ...
HONG KONG: To cope with the weakening property market, developers in China are coming up with innovative ways to attract ...
BEIJING, China: Amidst warmer-than-normal weather, power consumption surged in the Chinese provinces north of the Yangtze river, with regions such ...
Beijing [China], June 28 (ANI): China on Tuesday asked the United States to strictly abide by the one-China principle and ...
Hong Kong, June 28 (ANI): A number of countries with modern and powerful militaries are pursuing a new category of ...
LONDON, England: According to a report in the UK's Guardian newspaper, a government advisory agency, the National Health Service Pay ...
SYDNEY, NSW, Australia - Stocks in Asia rose on Tuesday after China announced it would halve quarantine from 14 days ...
LONDON, England: As prices in stores throughout Britain rise, British consumers shopped less in May and also expressed less confidence ...
SAN FRANCISCO, California: General Motors' self-driving Cruise division has begun charging fares for driverless rides in San Francisco.Earlier this month, ...
NEW YORK, New York - The euphoria on Wall Street of late last week was absent on Monday as all ...
WASHINGTON D.C.: In May, sales of new U.S. single-family homes unexpectedly increased, but this is expected to be temporary, as ...