RMB Roundup – July 25

24 Jul 2013

In this week’s round up of offshore renminbi news, ICBC clears Rmb60 billion in Singapore, Taiwan expands companies’ dim sum bond trading capabilities, and Australians show appetite for renminbi.

· ICBC Singapore, the official offshore renminbi clearing bank in Singapore, cleared more than Rmb60 billion in its first month of operation, the bank announced July 17. Within this time, 52 banks from Singapore and elsewhere opened clearing accounts, of which 39 used renminbi services. Among these ...

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