DBS to be first Singapore bank to act as settlement agent for China bonds
It will be first and only Singapore bank holding the licence, broadening access to US$13t Chinese onshore-bond market, the world's third largest
Add BT as a preferred source
Singapore
DBS Bank will be granted a settlement agent licence by the People's Bank of China (PBOC) that will permit Singapore's largest bank to trade, settle and provide custody for China's interbank bond market instruments on behalf of foreign investors, the Monetary Authority of Singapore (MAS) said on Tuesday.
This will make DBS the first and only Singapore bank to hold this licence, broadening its access to a US$13 trillion Chinese onshore-bond market that is also the third-largest bond market globally.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Focus turns to Strait of Hormuz after US and Iran presidents sign ceasefire agreement
Onitsuka Tiger pivots from Asics stripes to tap luxury market
Fall in COE prices across board suggests car, commercial vehicle premiums hitting resistance level
