Standard Chartered sharpens its yuan advisory edge as currency’s global rise continues

Jerry Zhang, the bank’s global head of RMB commercialisation, explains how its cross-border network is built to unlock opportunities for clients Amid continuing geopolitical tensions and market uncertainty, greater use of the yuan for international trade settlements, raising funds, managing liquidity and allocating investments is a logical strategy for executives overseeing treasury and finance functions. At the end of 2025, the People’s Bank of China (PBOC) had bilateral currency-swap agreements with more than 30 countries and regions, with an aggregate value in excess of 4.3 trillion yuan (US$641 billion), confirming ever-wider interest in accessing yuan liquidity to support trade and investment. There has also been steady progress in terms of regulation. At the Lujiazui Forum financial gathering held in June, PBOC governor Pan Gongsheng announced a pilot programme for offshore yuan foreign exchange trading in the Shanghai Free Trade Zone. In addition, during an early July visit to Hong Kong, Pan set out 11 financial policy measures aimed at enhancing the city’s role as a global offshore yuan hub and boosting cross-border market connectivity.

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