China and Singapore to kick off RMB initiatives in Tianjin Eco-City
China and Singapore are set to kick off a series of initiatives in cross-border renminbi business in the Tianjin Eco-City, a joint project between the two countries that is set to be completed by 2020 with 350,000 residents. The trial scheme will be similar to one that was launched in the Suzhou Industrial Park (SIP) — another China-Singapore project — on July 8, sources close to the matter said to GlobalRMB.
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