China’s yuan has tightened its grip on global currency markets, rising to 8.5% of all foreign exchange trades this year and keeping its fifth-place ranking worldwide, according to the Bank for International Settlements (BIS) in its 2025 Triennial Central Bank Survey. The number is up from 7% in 2022, extending a climb that has been building since 2013, when the Chinese currency barely touched 2.2% of daily trades.