2 April, 2013
Trade and Investment
- The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBOC) signed a memorandum of understanding (MOU) on Renminbi (RMB)-denominated business cooperation.
- Industrial and Commercial Bank of China (ICBC) inaugurates its RMB clearing services in Singapore
- Last month, the two central banks doubled the size of their bilateral currency swap facility from US$ 24.2 billion to US$48.4 billion