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21 trillion yuan cleared in S'pore in January-August

Yuan-clearing business here continues to grow fast in transaction amount and volumes

Thu, Sep 18, 2014 - 12:00 AM

THE yuan-clearing business in Singapore has continued to grow rapidly, with the cumulative clearing amount reaching 21 trillion yuan (S$4.3 trillion) from January to August this year.

ICBC Singapore, the only authorised yuan clearing bank in Singapore, on Wednesday called for more banking...

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