20-06-2014, 02:54 PM
More services are provided from Singapore Offshore RMB hub...
DBS launches cross-border RMB loans in Suzhou Industrial Park
SINGAPORE — DBS has introduced cross-border renminbi (RMB) loans for companies in the Suzhou Industrial Park, the bank’s China branch announced today (June 20).
The move comes after Singapore and China announced a new initiative to allow eligible companies and individuals in the Suzhou park to conduct cross-border RMB transactions with Singapore. This means banks in Singapore will be allowed to lend the Chinese currency to companies in the Suzhou park. Firms there can issue RMB-denominated bonds in Singapore, while equity investment funds in the park can directly invest in Singapore-based companies.
...
http://www.todayonline.com/business/dbs-...trial-park
DBS launches cross-border RMB loans in Suzhou Industrial Park
SINGAPORE — DBS has introduced cross-border renminbi (RMB) loans for companies in the Suzhou Industrial Park, the bank’s China branch announced today (June 20).
The move comes after Singapore and China announced a new initiative to allow eligible companies and individuals in the Suzhou park to conduct cross-border RMB transactions with Singapore. This means banks in Singapore will be allowed to lend the Chinese currency to companies in the Suzhou park. Firms there can issue RMB-denominated bonds in Singapore, while equity investment funds in the park can directly invest in Singapore-based companies.
...
http://www.todayonline.com/business/dbs-...trial-park