Bryan Pascoe, International Capital Markets Association: The scale of offshore RMB usage is continuously increasing, and the importance of the RMB is growing.

Sina Finance reported on March 31st that at the ICMA China Debt Capital Market 2026 Annual Conference today, Bryan Pascoe, CEO of the International Capital Markets Association, stated that the scale of offshore RMB usage is continuing to increase. The RMB is playing an increasingly important role in trade settlement, cross-border investment, and fund pool operations. ICMA is continuously developing related strategies to promote the application and development of the RMB in the diverse currency market. He pointed out that the RMB is not only important for promoting international trade, cross-border credit, and securities market development, but also crucial for onshore and offshore capital markets.