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Designation of Deutsche Bank as yuan-clearing bank in EU adds impetus to broader trade_我的网站

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一 |     专题:《联合国防治荒漠化公约》第十七次缔约方大会  新浪财经ESG评级中心提供包括资讯、报告、培训、咨询等在内的14项ESG服务,助力上市公司传播ESG理念,提升ESG可持续发展表现。    

A concept photo of currencies and financial market Illustration: VCG
    A concept photo of currencies and financial market Illustration: VCG
The designation of Deutsche Bank, a key and influential bank in Europe, to serve as the yuan-clearing bank will greatly facilitate and expand the use of the yuan in the EU market, providing more impetus to broader China-EU economic and trade ties, a Chinese analyst said on Tuesday.
The People's Bank of China (PBC), the central bank, announced on Monday that it had decided to authorize Deutsche Bank to serve as the yuan-clearing bank in Frankfurt, Germany, based on a memorandum of understanding with the Deutsche Bundesbank.
The move came as China-EU trade and economic ties continue to deepen and bilateral trade continues to expand, despite recent restrictions imposed by the European Commission.
In a statement sent to the Global Times on Monday, Deutsche Bank said that following the appointment by the PBC, it will facilitate direct end-to-end processing, clearing and settlement services for cross-border yuan transactions for European financial institutions and businesses, acting as a local bridge to China's payment systems. 
Deutsche Bank, a global systemically important bank as well as the world's largest euro-clearing bank, said that it is the first foreign bank in Europe to receive this designation.
"Securing yuan-clearing capability in Europe reinforces our role as a trusted global clearing partner and our long-standing support for yuan internationalization. It strengthens China-Europe financial connectivity and enhances our ability to support clients' cross-border trade and investment flows with greater choice and flexibility," Alexander von zur Muehlen, CEO of Asia Pacific, Europe, Middle East & Africa and Germany at Deutsche Bank, said in the statement.
Xi Junyang, a professor at the Shanghai University of Finance and Economics, told the Global Times on Tuesday that while a number of Chinese banks are already performing yuan-clearing functions in the EU, the addition of Deutsche Bank, with its deep roots in the local market, carries great significance.
"Banks have different client bases, and Deutsche Bank has many European companies as its customers. With the appointment, these market participants enjoy a far greater degree of facilitation and ease in tapping yuan use cases," said the professor.
Companies and financial institutions can also avoid risks of foreign exchange losses as they can now directly choose yuan-euro settlement and bypass the use of a third currency, the expert said, noting that China-EU trade and investment ties will be one step closer with a local clearing bank coming onboard.
Tian Lihui, dean of the Institute of Financial Development at Nankai University, told the Global Times on Tuesday that the latest development, some 12 years after the first-yuan clearing bank form a Chinese bank was set up in Frankfurt, marked a milestone as the yuan-clearing system in Europe has evolved from a model where "Chinese entities handle clearing for Europeans" to one where "Europeans handle yuan-clearing themselves."
The decision by one of Europe's largest domestic banks to integrate into the yuan-clearing system signals that China-Europe financial cooperation is moving beyond the shallow level of facilitating trade settlements into the more substantial level of jointly building financial infrastructure, Tian said.
For both China and Europe, this move represents a mutually beneficial institutional alignment, Tian said. "China gains greater depth in the offshore yuan market, while Europe secures an additional strategic option amid the contest of major currencies."
Brussels has recently been intensifying its use of restrictive trade and regulatory tools across sectors ranging from clean technologies to digital infrastructure and foreign subsidies, with many of these measures seen as directly affecting Chinese firms and adding strain to China-EU economic relations.
However, despite these moves, deepening industrial and supply chain integration and the strong complementarity of the two economies have continued to push bilateral trade to new highs. In the first seven months of 2026, China's total trade with the EU stood at 3.67 trillion yuan ($543.90 billion), up 9.5 percent year-on-year, data from China's General Administration of Customs showed on Friday.
As China-EU economic and trade ties continue to expand and deepen, demand for the yuan to be used in the EU market will rise proportionately, and more EU banks will likely be authorized to serve as yuan-clearing banks, Xi Junyang said.
Financial cooperation between the world's largest trading bloc and the largest trading nation has accelerated in recent months. In May, the PBC renewed and expanded a bilateral currency swap agreement with the National Bank of Serbia, increasing the value of the swap from 1.5 billion yuan to 5 billion yuan.
Almost 80 percent of the surveyed Chinese companies operating in the EU plan to expand their investment, even amid tightening policies in the EU and an increasingly complex business environment, according to a report published by the Chinese Chamber of Commerce to the EU and the China Economic Information Service in March. Fostering cooperation in emerging industries and cross-border finance have been highlighted by industry insiders as new growth drivers of China-EU trade and economic cooperation.
The yuan accounted for 3.1 percent of global payments in June, rising from 2.75 percent in the previous month, and ranking as the fifth most active currency for global payments by value, according to a report from the Society for Worldwide Interbank Financial Telecommunication. In terms of trade finance, the yuan ranked second with a market share of 8 percent.
。点击查看【ESG评级中心服务手册】  新浪财经 张傲/发自乌兰巴托  《联合国防治荒漠化公约》第十七届缔约方大会(COP17)于8月17日至28日在蒙古国乌兰巴托举办。大会期间,联合国粮食及农业组织(FAO)土地权属团队负责人、高级土地权属事务官沃德·安西尤(Ward Anseeuw)对话新浪财经时表示,牧区治理不应走土地私有化和个体确权的老路,而应以集体权利为核心,允许同一块土地在不同时间、不同用途下,由不同主体灵活使用。  安西尤指出,牧民流动性强,土地由集体共同使用。因此,管理制度应尊重牧民祖辈相传的集体权利和使用习惯,不宜照搬普遍采用的土地登记办法。普遍采用的办法要求将每块地登记到个人名下,但牧区土地在多数情况下并不属于某一个人,因此并不适用。  安西尤认为,要改变这种以个人登记为核心的做法,需要做到两点。第一,不能只承认个人,而要承认牧民集体对土地的权利,尊重他们祖辈相传的放牧和使用习惯。第二,不能只保护“这块地归谁所有”这一种权利,还要保护放牧、通行、采集等多种权利。他引用“权利束”(bundle of rights)概念说明,土地上的权利并非单一,而是多种权利并存。因此,保护土地权利时要更灵活,既要考虑牧民、农户等不同群体,也要考虑不同的权利类型。  安西尤举例说,在蒙古,大约从五月到九月可以放牧,但一年中的其他时间,同一片土地可能会有其他用途,也可能由不同的人来使用。在非洲热带地区也是如此:某些季节土地用于放牧,其他季节同一片土地可能被围起来用作农田,禁止牲畜进入,之后又重新开放。也就是说,不同的人可以在一年中的不同时间,对同一块土地享有不同的权利。  在安西尤看来,牧区土地制度不应只问“这块地归谁”,而要承认集体权利和多种使用权,并根据不同季节、不同用途灵活安排。这才是更适合牧区的可持续土地管理方式。  新浪财经ESG评级中心简介  新浪财经ESG评级中心是业内首个中文ESG专业资讯和评级聚合平台,致力于宣传和推广可持续发展,责任投资,与ESG(环境、社会和公司治理)价值理念,传播ESG的企业实践行动和榜样力量,推动中国ESG事业的发展,促进中国ESG评估标准的建立和企业评级的提升。  依托ESG评级中心,新浪财经发布多只ESG创新指数,为关注企业ESG表现的投资者提供更多选择。同时,新浪财经成立中国ESG领导者组织论坛,携手中国ESG领导企业和合作伙伴,通过环境、社会和公司治理理念,推动建立适合中国时代特征的ESG评价标准体系,促进中国资产管理行业ESG投资发展。

二 | 责任编辑:王进和。

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