New Delhi, April 3 -- Shares of Chinese firms that facilitate cross-border payments, such as CNPC Capital Co., Lakala Payment Co., and Shenzhen Forms Syntron Information Co., gained up to 10% on Friday, April 3, following reports suggesting that the commerce ministry observed the yuan being utilised for toll payments to transit through the Strait of Hormuz.

CNPC Capital Co., a financial services division of China National Petroleum Corp., surged by the maximum daily limit of 10% in Shenzhen. Lakala Payment Co., a prominent Chinese third-party payment provider, increased by as much as 7.9%, while the financial technology company Shenzhen Forms Syntron Information Co. rose by 9.4% before reducing its gains.

According to a report from Bloo...