People's Bank of China

The People’s Bank of China and the Bank of Laos jointly launched cross-border digital payment interconnection in Nanning, Guangxi on September 18. Attended by PBOC Deputy Governor Lu Lei and Bank of Laos Deputy Governor Surisak Samnuon, the move advances bilateral financial cooperation under a June framework MoU on financial innovation, digital payments, and legal digital currency.

Standard Chartered provided advisory guidance on yuan usage for international trade settlements, liquidity management, and investments. By the end of 2025, the People's Bank of China maintained bilateral currency-swap agreements with over 30 countries and regions, exceeding 4.3 trillion yuan in aggregate value. The development highlights the currency's continued global rise amid market uncertainty.