Offshore renminbi structured notes for Singapore

Offshore renminbi structured notes for Singapore

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Renminbi structured notes touch down in Singapore

DBS began offering offshore renminbi-denominated structured notes and unit trusts to its private banking customers in Singapore on February 28, making it the first regional bank to extend retail structured deposits and notes on renminbi bonds outside Hong Kong.

Until now most banks have offered renminbi structured deposits and a limited range of investment solutions - such as retail renminbi bond funds - to retail investors who open a bank account in Hong Kong, where the free trading of renminbi

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