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ICBC S'pore sees jump in yuan clearing volumes

Plan to roll out yuan futures products will boost S'pore as offshore yuan hub
Thursday, April 10, 2014 - 06:00

[SINGAPORE] ICBC Singapore has seen explosive growth in its yuan clearing volumes, and is planning on rolling out yuan futures products, reinforcing the Republic's growing status as an offshore yuan hub. In the first quarter of 2014, the bank cleared 6.9 trillion yuan (S$1.4 trillion), 2.7 times

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