South China Morning Post

China sets plans for yuan use in shipping risk-pricing, curbing reliance on West

China has unveiled a road map to strengthen its maritime insurance industry and expand the use of the yuan in shipping-related transactions, as Beijing seeks to reduce its reliance on Western-dominated insurance networks amid growing geopolitical tensions. The guidelines, jointly issued by seven government agencies on Friday, aim to strengthen domestic underwriting and risk-pricing capabilities while expanding insurance protection for China’s key imports and exports. The push comes as Western...

By South China Morning Post

1 min read
China sets plans for yuan use in shipping risk-pricing, curbing reliance on West
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