IE Singapore, CCB, and SGX will collaborate on infrastructure financing and encourage Chinese companies to raise funds in the Lion City’s via listings and debt issuance.
The deal between the two payments systems could improve corporates' ability to manage renminbi, their relationships with suppliers, and lower the cost of renminbi transactions, market experts claim.
The People’s Bank of China cut the one year deposit lending rates and upper interest limits allowed to be offered on deposits above the benchmark rate; Bank Indonesia issued policies designed to support the government’s fuel subsidiary reform; PBOC designates Australian RMB clearing bank.