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Renminbi Moves Beyond Trade Settlement as ASEAN Firms Explore Financing and Capital Markets

ASEAN companies are increasingly using the renminbi beyond trade settlement, with financing, treasury management and offshore capital markets emerging as the currency’s next growth areas.

By Chee Liang CFA4 min read

Singapore, 17 September 2026 – The Chinese renminbi is entering a new phase of adoption across Southeast Asia, with companies increasingly using the currency not only for trade settlement but also for financing, treasury management and capital-market access.

The shift reflects a more commercial rather than policy-driven rationale.

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Author

  • Chee Liang CFA specializes in financial advice and global economic trends, delivering clear insights to help readers navigate markets, investments, and the shifting dynamics of the world economy.