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If you build it, they will come

The building of a broad-based renminbi financial sector can turn Singapore into an enabler and a beneficiary of the renminbi's rise in international trade.

Liquidity attracts liquidity, so Singapore's efforts to, for example, adopt the necessary financial market infrastructure to enable cross-border flows of the renminbi will position it for growth as a financial centre.

DESPITE current market volatility, China's outward trade and investment ambitions will be a defining commercial opportunity for Asean over the coming decades. The ability of Singaporean financial markets, institutional and retail investors and corporates to further embrace the renminbi, in