Good signs for S'pore's offshore yuan market

[SINGAPORE] The warming of ties between Singapore and London in developing the offshore yuan market together comes as Chinese regulators further ease regulations in the use of offshore yuan in trade settlement, which could pique further interest among corporate clients in the use of the renminbi.

In January, the People's Bank of China (PBOC) removed the quota and documentation required for the conversion of offshore yuan - known as CNH - into onshore yuan, or CNY. Now, as long as a …