Standard Chartered: Corporates underuse yuan debt despite 23% revenue exposure

A Standard Chartered survey of 300 corporates across 19 sectors shows 23% of revenues and 25% of costs have yuan exposure, yet only 14% of corporate debt is denominated in yuan, leaving up to 2% in annual savings unrealized. Nearly a quarter of companies with yuan exposure intend to increase yuan borrowing within 3 years. The CrossBorder Interbank Payment System now connects more than 1,500 institutions across 124 countries, the survey notes.