The Chinese yuan’s share of international payments processed through the Society for Worldwide Interbank Financial Telecommunication (SWIFT) remained unchanged at 2.88% in both July and the provisional August reading, according to data released on 21 August. The figure has held steady for three consecutive months, underscoring the currency’s limited but persistent presence in the global settlement system dominated by the U.S. dollar and the euro. In a separate release, HSBC’s flash surveys showed India’s private-sector activity accelerating in August. The manufacturing purchasing managers’ index rose to 59.8 from 59.1, while the services gauge climbed to 65.6 from 60.5. Both readings are well above the 50-point threshold that separates expansion from contraction, suggesting strong momentum in the South Asian economy at the start of the third quarter.