No customer complaints over yuan-related products in Singapore: MAS

[SINGAPORE] Retail deposits make up a small portion of all yuan-denominated deposits here, said the Monetary Authority of Singapore (MAS), while pointing out that it may review financial institutions' sales practices for investment products.

MAS has not received any customer complaints with regard to yuan-related products offered by financial institutions, the regulator said in response to media queries late on Friday.

Total yuan deposits here hit 200 billion yuan (S$40.9 billion) at the end of last year, "of which, retail deposits comprised a small proportion", an MAS spokeswoman said.