French and German Companies Lead in Yuan Trade Usage, HSB
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French and German companies are leading among countries outside of greater China in the usage of the yuan, according to a report by HSBC Holdings Plc.
The London-based lender surveyed 1,304 businesses that have ties with mainland China in 11 major economies. Some 26 percent of French corporates and 23 percent of German companies now settle trades in the Chinese currency, the highest proportions apart from mainland China, Hong Kong and Taiwan.