Get our introductory offer at only
*$0.99/month for first 3 months
$29.90/month for the next 9 months
[SINGAPORE] Singapore's position as an offshore yuan centre has drawn much fanfare, but a senior executive from DBS Bank downplayed its impact on trade financing.
"There's a halo around the RMB (renminbi) that is unwarranted," said Tom McCabe, head of global transaction services at DBS.