Standard Chartered Survey Reveals: Global Businesses Increasingly Eye Yuan Borrowing as Dollar Exposure Concerns Mount

Global corporations are accelerating moves to borrow in Chinese yuan, according to a new Standard Chartered survey of 300 corporate clients, signaling a potential shift away from traditional US dollar debt dominance. The findings reveal nearly a quarter of companies are expanding yuan exposure through revenue streams and supply chains, while highlighting the currency's underutilization as a financing tool—a development that directly supports China's long-standing currency internationalization efforts amid growing corporate concerns over excessive dollar concentration.

Yuan Still Has a Long Way To Reach the Top of the Currency Markets

However, the yuan’s presence in the global sector is at its nascent stage. Financing in the local currency is slowly catching up with the rest of the world. While these are small steps, they are a result of the aggressive push initiated by the Xi Jinping administration.

Data from the payment messaging service SWIFT shows that the yuan accounts for approximately 3% of all global payments. It is an extremely small number when compared to the US dollar, which takes 50% of the settlements.