Icbc in Singapore in the clearing business approved
The central bank issued yesterday said, according to the people's bank of China and Singapore is to strengthen the financial administration of China and Singapore financial services cooperation related arrangement, after review, the people's bank of China to decide the industrial and commercial bank of China branch in Singapore as Singapore clearing bank RMB business.
The reporter understands, in recent years, London, Singapore two big financial center the RMB business is growing rapidly, gradually into the challenge Chinese Hong Kong's situation. Have analyzed that, the RMB gradually into overseas market popular varieties, light by Hong Kong, China a market to promote RMB internationalization is not reality, the "center" of the cooperation situation, which is beneficial to the development of RMB internationalization.
京公网安备11010502035281号
