MAS, PBoC in Singapore RMB promotion drive
The Monetary Authority of Singapore (MAS) is setting up a facility to provide overnight renminbi liquidity to financial institutions in Singapore, to be launched on 1 July. Meanwhile, the Nanjing branch of the People’s Bank of China (PBoC) has released a set of interim procedures to allow eligible corporates and individuals in the Suzhou Industrial Park (SIP) to conduct cross-border RMB transactions with Singapore.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts