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Trade finance demand seen weakening for S'pore banks

Gap between onshore and offshore yuan borrowing rates set to narrow further: JPMorgan senior analyst

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DBS bank at Shenton Way.

Singapore

TRADE finance is likely to weaken for Singapore banks next year amid weakening numbers out of China, and as the gap between onshore and offshore yuan borrowing rates is set to trim further, a senior analyst said on Wednesday.

"Trade finance demand is going down, and will