China Adds Currencies to Central Clearing in Yuan’s Global Push - Bloomberg.com
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China has expanded its onshore central clearing system to encompass additional foreign currencies, marking another significant step toward promoting direct yuan trading and reducing dependence on the US dollar. Shanghai Clearing House began offering central counterparty clearing services for spot transactions in the Singapore dollar, New Zealand dollar, and Thai baht on September 14.
China Adds Currencies to Central Clearing in Yuan’s Global Push - Bloomberg
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By Bloomberg News
September 16, 2026 at 9:31 PM CDT
China has expanded its onshore central clearing system to more foreign currencies, another step toward promoting direct trading with the yuan and reducing reliance on the dollar.
Shanghai Clearing House began central counterparty (CCP) services for spot trades of the Singapore dollar, New Zealand dollar and Thai baht on Sept. 14, it said in a statement Wednesday. Twelve banks participated in the first session, clearing 996 million yuan ($148 million) of transactions.
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China Adds Currencies to Central Clearing in Yuan’s Global Push
Contact us: Provide news feedback or report an error
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By Bloomberg News
September 16, 2026 at 9:31 PM CDT
China has expanded its onshore central clearing system to more foreign currencies, another step toward promoting direct trading with the yuan and reducing reliance on the dollar.
Shanghai Clearing House began central counterparty (CCP) services for spot trades of the Singapore dollar, New Zealand dollar and Thai baht on Sept. 14, it said in a statement Wednesday. Twelve banks participated in the first session, clearing 996 million yuan ($148 million) of transactions.
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Source: Bloomberg
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