DBS gains approval to act as RMB clearing bank in China
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DBS has received approval to act as an RMB clearing bank in China, becoming the first Singaporean bank to do so. This allows DBS to facilitate onshore China bond trading and provide custody services, enhancing access to RMB liquidity for its customers. DBS China has been a direct participant in CIPS since 2015, and DBS Singapore joined as an overseas participant in September 2025.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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