Under its memorandum of cooperation with the Monetary Authority of Singapore, the People's Bank of China has authorised DBS Bank Ltd to serve as the renminbi clearing bank in Singapore.
Central Bank of the Republic of China 2025-12-11
People's Bank of China authorises DBS Bank Ltd to act as Singapore’s renminbi clearing bank
The People's Bank of China has authorized DBS Bank Ltd to act as the renminbi clearing bank in Singapore under its memorandum of cooperation with the Monetary Authority of Singapore.