Standard Chartered survey: Discrepancy between RMB business exposure and financing; 24% of companies plan to increase RMB financing.

A survey conducted by Standard Chartered Group on nearly 300 large companies in 19 industries worldwide showed that 23% of the revenue and 25% of the costs of the interviewed companies were related to Renminbi exposure. However, only 14% of the debt was denominated in Renminbi, reflecting a discrepancy in the use of Renminbi between operational exposures and financing strategies. 24% of the interviewed companies with Renminbi-related business indicated that they would increase the use of Renminbi for onshore and offshore financing in the next 3 years.