AsianFin -- DBS Group, the largest bank in Southeast Asia by assets, is observing a growing trend among Chinese exporters to use the renminbi (RMB) for international trade settlements. According to Han Kwee Juan, DBS's group head of institutional banking, this demand is particularly strong for trades with partners in Latin America and the Middle East.

In a recent interview, Han said, "Right now, you see the Chinese exporters, some are beginning to ask and say, I'm going to sell in RMB, please settle in RMB." This shift highlights a move towards greater use of the Chinese currency in global trade.