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DBS among first to offer yuan forex options in China

Bank's China unit completes a series of such transactions for corporate clients
Tuesday, August 5, 2014 - 06:00
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'As RMB (renminbi) internationa-lisation progresses, two-way renminbi fluctuation has become the new normal. . .'- Jacky Tai, head of treasury and markets at DBS China - PHOTO: BLOOMBERG

DBS Group Holdings is among a group of banks that have made first moves to execute new yuan-denominated derivative transactions for Chinese clients, as fresh Chinese regulations that kicked in this month paved the way for such transactions to be done. DBS said yesterday its China unit completed