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HSBC, StanChart, DBS zoom in on RMB cross-border financing

They have won deals to lend to companies in Suzhou Industrial Park
Saturday, June 21, 2014 - 06:00

Singapore HSBC Singapore, Standard Chartered Singapore and DBS Bank are among the first banks in Singapore to lend to companies in the Suzhou Industrial Park (SIP) under the latest renminbi (RMB) cross-border financing initiative, as banks race to increase their business in the world's second-

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