The money road China is weaving

From payment networks to bond markets, the channels through which the yuan is expanding

CIPS connected financial institutions4,900+

Proportion of digital yuan in mBridge95.3%

Dim sum + Panda bond issuance1 trillion yuan+

Cumulative transaction volume of digital yuan16.7 trillion yuan

CIPSMarch yuan settlement 1.46 trillion yuan, 3 times that of 5 years ago

Stablecoin2025.9 Order to halt big tech projects → 2026.2 Total ban

Bond yield gapChina 10-year 1.68% vs US 10-year 4.78%