Singapore, London can jointly boost awareness of yuan market developments
S'pore-London RMB Forum participants expect robust growth in offshore yuan market in 2015
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Singapore
SINGAPORE and London could work more closely in building awareness of developments in the offshore yuan market, said the Association of Banks in Singapore and City of London Corporation on Tuesday, following the first private-sector renminbi (RMB) forum between Singapore and UK.
The Singapore-London RMB Forum, held in Singapore, was attended by senior representatives of 16 financial institutions from both Singapore and London. It was closed to the media. "Forum participants expect continued robust growth in the offshore RMB market in 2015," the two partners said in a joint statement.
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