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UOB: No letup in investment flows from China into S-E Asia

Yuan deposits into the bank have doubled over the last year, driven by its China clients' expansion into S-E Asia
Friday, April 1, 2016 - 05:50

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UOB's growth in yuan deposits bucks the trend of an overall decline, and shows growing China-Southeast Asia business flows, says Mr Chan.

Singapore

DESPITE slower growth in China, Chinese companies are continuing to invest in South-east Asia because they take a longer-term view, the head of RMB (renminbi) Solutions in United Overseas Bank (UOB) has said.

Mr Ben Chan, in an interview with The Business Times on

sentifi.com

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