11 Apr '11, 5am

Singapore in talks to be Chinese yuan trading hub - Channel News Asia

Singapore in talks to be Chinese yuan trading hub - Channel News Asia

SINGAPORE: The central banks of Singapore and China are in talks to set the city-state up as a trading hub for the Chinese yuan, a report said Monday. The move would allow Chinese banks to do more business outside the mainland and also bolster Beijing's aim to promote its currency as an international unit. Hong Kong is the only city outside mainland China where offshore trading of the yuan, or renminbi, is allowed. The Wall Street Journal, citing sources familiar with the matter, said the People's Bank of China had been receptive to interest from Singapore to be a market for the buying and selling of the Chinese currency. It said, however, that a decision on the outcome of the talks was not imminent. The Monetary Authority of Singapore (MAS) did not comment directly on the report when contacted by AFP, but said the city-state "is well positioned to facilitate trade-linked ...

Full article: http://www.channelnewsasia.com/stories/afp_singapore_busi...

Tweets

Singapore is reportedly in talks with China's central bank, PBOC, to become a second offshore hub for yuan trade

Singapore is reportedly in talks with China's c...

straitstimes.com 10 Apr '11, 1am

The Wall Street Journal reported on Saturday that the Monetary Authority of Singapore is in talks with China's central ban...

@pn_sarin u were right - today's headlines - S'...

straitstimes.com 10 Apr '11, 1am

BEIJING: China's central bank is reportedly considering the idea of making Singapore a second offshore hub - after Hong Ko...

Singapore seeking to be a philanthropy hub for ...

todayonline.com 07 Apr '11, 10pm

SINGAPORE - With its strong financial infrastructure, excellent international transport and communications connectivity an...

Vatican holds talks on Chinese Catholics: The m...

straitstimes.com 12 Apr '11, 12am

VATICAN CITY - THE Vatican on Monday began internal discussions on the autonomy of Chinese Catholics and the ordination of...

Chinese yuan set to be international currency, ...

channelnewsasia.com 19 Apr '11, 3pm

SINGAPORE: China is set to designate one bank in Singapore to take on the role of clearing yuan trades as it gradually mov...

China's Wen says yuan forex rate among tools to...

straitstimes.com 10 Apr '11, 8am

BEIJING - CHINA will use all possible measures, including the yuan exchange rate , to keep prices under control, Chinese P...

Thailand medical tourism website Versus Singapo...

singaporemedicine.com 10 Apr '11, 3am

A dynamic and multi-cultural city rich in contrast and colour with strategic location, excellent infrastructure and great ...

Sports Hub wins 9 international awards

Sports Hub wins 9 international awards

channelnewsasia.com 06 Apr '11, 10am

SINGAPORE : It may be another three years before the Sports Hub is ready, but it has already won nine international financ...

Chinese hotel prices set to fall: in several major Chinese cities are set to drop in the coming months, accordin...

Chinese hotel prices set to fall: in several ma...

sg.news.yahoo.com 08 Apr '11, 12pm

The prices of hotels in several major Chinese cities are set to drop in the coming months, according to the latest Asia-Pa...

First offshore yuan IPO draws tepid response

First offshore yuan IPO draws tepid response

channelnewsasia.com 21 Apr '11, 7pm

HONG KONG: The world's first yuan-denominated IPO outside mainland China has drawn a tepid response from Hong Kong investo...

Chinese police say tainted milk that killed 3 kids was intentionally poisoned, suspect detained

Chinese police say tainted milk that killed 3 k...

straitstimes.com 11 Apr '11, 6am

Investigators found that nitrite, an industrial salt that can be deadly, was added to fresh milk from two dairies last wee...

Chinese teacher reaches the top of her class: AFTER almost 40 years in education, Madam Ng Tai Cheen, 60, has be...

Chinese teacher reaches the top of her class: A...

straitstimes.com 09 Apr '11, 1am

After almost 40 years in education, Madam Ng Tai Cheen, 60, has become the first Chinese language teacher to be promoted t...

Paper iPads hot sellers as Chinese honour dead: HONG KONG - Death is no barrier to Chinese ancestors receiving t...

Paper iPads hot sellers as Chinese honour dead:...

channelnewsasia.com 06 Apr '11, 11am

HONG KONG - Death is no barrier to Chinese ancestors receiving the latest gadgets, with paper iPads, laptops and LCD TVs b...

Singapore is world's No 2 most 'connected' nation

todayonline.com 13 Apr '11, 12am

NEW YORK - Singapore is better positioned to benefit economically from adopting new information technology than any other ...

Malaysia's opposition wins Chinese support prior to upcoming Sarawak elections

Malaysia's opposition wins Chinese support prio...

channelnewsasia.com 11 Apr '11, 10am

KUCHING: Voters in the east Malaysian state of Sarawak go to the polls this Saturday, with the opposition appearing to hav...