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Rising demand for RMB trade settlement
Singapore's DBS Bank is seeing steadily rising demand for renminbi-denominated trade settlement and financing, as Chinese companies deepen commercial ties with the rest of Asia and the international use of the Chinese currency expands.
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global.chinadaily.com.cn
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Rising demand for RMB trade settlement
Singapore's DBS Bank is seeing steadily rising demand for renminbi-denominated trade settlement and financing, as Chinese companies deepen commercial ties with the rest of Asia…
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DBS sees rising cross-border RMB use as China-ASEAN trade expands
DBS Bank has seen steady growth in the international use of the renminbi, driven by rising trade and investment between China and the rest of Asia. Han Kwee Juan, group head of…