Global demand for yuan on the rise

Beijing's efforts to promote the yuan by developing the offshore yuan business are well supported by increasing trade settlement with the rest of the world in the currency, officials and industry experts said yesterday.

They noted that Asian and European central banks had been increasing their yuan holdings and the continuing appreciation in the currency was boosting its investment appeal for investors.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1094796/global-demand-yuan-rise