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Yuan fees for ships to pass Hormuz boost Chinese payment stocks

April 3, 2026
Source: moneycontrol.com moneycontrol.com
News Snapshot:
April 03, 2026 / 11:33 IST Analysts said the development reinforces expectations that geopolitical conflicts may channel incremental capital toward China Chinese payment stocks rose as yuan used for Hormuz toll paymentsCNPC Capital jumped 10%, Lakala Payment climbed 7.9%Yuan use in Hormuz boosts global role and capital flowsDid our AI summary help? Shares of Chinese companies that offer cross-border payments rose, after the commerce ministry noted that the yuan is being used to pay tolls for passage through the Strait of Hormuz.CNPC Capital Co., a financial services unit of China National Petroleum Corp., jumped by as much as the 10%...
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