He said that London - the leading offshore yuan center outside Asia - will continue to give play to its own advantages and support the development of the offshore yuan market. "This year, the Bank of China has become the UK"s second yuan-clearing bank. This is a really important milestone, which strengthens London"s yuan infrastructure even further and gives businesses more choice in clearing and settlement," Wilson said.

　　"China has been Indonesia"s largest trading partner for more than a decade… The economic relationship is already very strong, and naturally this creates opportunities for businesses to use the Indonesian rupiah or yuan directly without using a third currency," Yulian Wihantoro, chief representative of Bank Indonesia in Beijing, said at the sub-forum

　　"It is about making business more efficient and competitive. This is where the cooperation between Bank Indonesia and the People"s Bank of China becomes very important. Our two central banks work very closely to develop a framework infrastructure for local currency transactions," Wihantoro said.

　　"The yuan"s internationalization has a stable and trustworthy foundation, which is what the development of the world economy and finance needs. Accelerating the yuan"s internationalization is of profound significance for stabilizing the global economy," Xi Junyang, a professor at the Shanghai University of Finance and Economics, told the Global Times on Wednesday.

　　Xi Junyang said that expanding trade between China and its trading partners was strengthening incentives to settle transactions in yuan. Amid rising geopolitical risks, some countries are seeking to diversify their currency use to mitigate financial risks. Settling directly in yuan can reduce transaction costs by eliminating the need for intermediate currency conversions and limit exposure to exchange-rate fluctuations associated with those conversions, the professor said.