The share of the Chinese currency the renminbi (RMB) in cross-border payments hit a record high in 2020 and continued to gain steam, according to a report on the internationalization of the RMB published by the China Banking Association.

中国银行业协会日前发布的《人民币国际化报告(2020)》显示，人民币跨境结算规模快速增长，在跨境收支中的使用比例创历史新高。

The cross-border use of the RMB surged 44.3% year on year to 28.38 trillion yuan last year, of which cross-border receipts reached 14.1 trillion yuan and payments came in at 14.28 trillion yuan, according to the report.

数据显示，去年全国人民币跨境收付金额合计28.38万亿元，同比增长44.3%。其中收款14.1万亿元，付款14.28万亿元。

Cross-border RMB settlements accounted for 47.4% of all cross-border domestic and foreign currency settlements, a new record that was 9.28 percentage points higher than the figure seen in 2019, data from the report shows.

人民币跨境收付占同期本外币跨境收付总金额的比重为47.4%，创历史新高，较上年增长9.28个百分点。

RMB interest and exchange rates remained relatively stable amid the uncertainty of the COVID-19 pandemic, making the currency a safe-haven asset for global investors and capital, the report noted.

在全球疫情肆虐的背景下，人民币利率、汇率均在全球市场保持较强的稳定性，人民币"全球避险资产"的功能逐步显现。