Singapore eyes regional hub status for offshore RMB

Joel Clark
18 Mar 2013

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Singapore is aggressively seeking to become a major regional hub for offshore trading of Chinese renminbi as the currency gradually becomes more internationally traded, according to the city-state's deputy prime minister and minister of finance.

Speaking in the opening address at the ACI World Congress in Singapore earlier today, Tharman Shanmugaratnam, who is also chairman of the Monetary Authority of Singapore (MAS), described renminbi as a source of "transformational growth" in Asian finance,

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]