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Singapore can continue to play catalytic role in promoting yuan use: Heng Swee Keat

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Singapore can continue to play a catalytic role to promote the use of the yuan in Southeast Asia and beyond. "Our banks are well-positioned to help Chinese entities navigate their expansion in Southeast Asia," said Finance Minister Heng Swee Keat on Friday.

SINGAPORE can continue to play a catalytic role to promote the use of the yuan in Southeast Asia and beyond. "Our banks are well-positioned to help Chinese entities navigate their expansion in Southeast Asia," said Finance Minister Heng Swee Keat on Friday.

He was speaking at the China and Singapore Commodity and RMB Summit held at Mandarin Orchard Hotel. Organised by the Bank of China and IE Singapore, the event also saw the launch of several new initiatives.

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