Singapore eyes regional hub status for offshore RMB

Singapore city skyline

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,

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: