11 Apr '13, 1am

Singapore Exchange to Trade Yuan-Denominated Stocks This Year -Report: Singapore Exchange Ltd. (S68.SG) hopes

Singapore Exchange Ltd. (S68.SG) hopes to trade yuan-denominated stocks this year, the state-run China Securities Journal reported on Thursday. It will offer foreign-exchange and fixed-income products in yuan next year, too, the report said quoting Singapore exchange Chief Executive Magnus Bocker. China doubled a currency-swap agreement with Singapore last month to 300 billion yuan ($48.3 billion) increasing the liquidity of Singapore's yuan market. Newspaper website: http://www.cs.com.cn Write to [email protected] Copyright © 2013 Dow Jones Newswires

Full article: http://www.foxbusiness.com/news/2013/04/10/singapore-exch...

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