Chinese banks to become renminbi clearing bank in Singapore
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Chinese banks to become renminbi clearing bank in Singapore

Singapore : Singapore | Jul 07, 2012 at 1:22 AM PDT
Source: Chinadaily
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Singapore's Ministry of Trade and Industry announced Friday that two eligible Chinese banks currently operating in Singapore will be granted Qualifying Full Bank (QFB) privileges, one of which will be authorized as a clearing bank for renminbi in Singapore. FULL ARTICLE AT Chinadaily
 
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