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Take the long-term view on yuan internationalisation

Published Thu, Apr 7, 2016 · 09:50 PM

IT would be fair to say that the steady five-year march of the renminbi's (RMB) or yuan's internationalisation has been slightly knocked off its stride in recent months by the currency's depreciation.

However, this should be viewed by Singapore companies - and market participants in general - as part and parcel of a maturing currency.

China is a vitally important corridor for Singapore - a point recognised by the Singapore government and the Monetary Authority of Singapore through the various initiatives undertaken in recent years to increase yuan liquidity in Singapore.

These have included the doubling of Singapore's RQFII (renminbi qualified foreign instituti…

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