DBS mum on reports of its suspension from China forex business
OCBC and UOB confirm they face no ban on trading forex there
Singapore
OCBC Bank and United Overseas Bank (UOB) both confirmed on Thursday that they continue to trade foreign exchange in China, unlike several banks like compatriot DBS Bank that are said to have been banned from doing so.
The respective spokeswomen of OCBC and UOB told The Business Times their banks face no ban on trading forex in China.
TRENDING NOW
Can a first-time homebuyer couple earning S$18,000 a month afford a new EC unit?
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Asia needs new energy security architecture
Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part