As CT reported last week, Singapore and China have agreed to promote the international used of renminbi through Singapore. In Short, the new initiatives expand existing cross-border ties between Singapore and the China-Singapore Suzhou Industrial Park and will allow companies in Suzhou and Tianjin to repatriate 100% of the proceeds raised from bonds issued in Singapore. In turn the Monetary Authority of Singapore (MAS) hopes to attract corporates in Suzhou and Tianjin to establish set up finance and treasury centres in Singapore.