SINGAPORE: Funding of up to 25 billion yuan (US$5.11bil) for banks in Singapore was announced in a new initiative by the Monetary Authority of Singapore (MAS) on Monday.
The scheme enhances yuan liquidity and supports banks’ abilities to meet their customers growing business needs in the currency for Singapore and the region, said MAS in a statement.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!