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UOB sets up new renminbi solutions unit

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UOB has set up a new unit to help companies manage their cross-border business in yuan, as it seeks to tap on the currency's ongoing internationalisation amid weakening overall demand for trade finance.

Singapore

UOB has set up a new unit to help companies manage their cross-border business in yuan, as it seeks to tap on the currency's ongoing internationalisation amid weakening overall demand for trade finance.

Its "renminbi solutions" team will give companies advice on how "...

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