China's central bank authorises DBS as yuan-clearing bank in Singapore

Reuters12-15
China's central bank authorises DBS as yuan-clearing bank in Singapore

BEIJING, Dec 15 (Reuters) - China's central bank authorised DBS Bank Limited to act as the yuan clearing bank in Singapore on December 11, it said in a statement on Monday.

(Reporting by Beijing Newroom; Editing by Bernadette Baum)

((Xiuhao.Chen@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment