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DBS among first to offer yuan forex options in China

Bank's China unit completes a series of such transactions for corporate clients

'As RMB (renminbi) internationa-lisation progresses, two-way renminbi fluctuation has become the new normal. . .'- Jacky Tai, head of treasury and markets at DBS China - PHOTO: BLOOMBERG

DBS Group Holdings is among a group of banks that have made first moves to execute new yuan-denominated derivative transactions for Chinese clients, as fresh Chinese regulations that kicked in this month paved the way for such transactions to be done.

DBS said yesterday its China unit...

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