You are here

Unwarranted 'halo' around yuan financing

DBS' Tom McCabe says working capital needs behind currency preference

[SINGAPORE] Singapore's position as an offshore yuan centre has drawn much fanfare, but a senior executive from DBS Bank downplayed its impact on trade financing. "There's a halo around the RMB (renminbi) that is unwarranted," said Tom McCabe, head of global transaction services at DBS. The full

sentifi.com

Market voices on:

Powered by GET.comGetCom