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vboy
10-10-12, 09:52
SINGAPORE-PRESS-Singapore grants full licences to two Chinese banks-The Straits Times

SINGAPORE | Tue Oct 9, 2012 8:06pm EDT
Oct 10 (Reuters) - The Monetary Authority of Singapore has granted full banking licences to two Chinese banks, the Bank of China and the Industrial and Commercial Bank of China, the Straits Times reported.

One of the two will act as a clearing bank for yuan transactions, but both will be allowed to open as many as 25 branches in Singapore and offer services that include accepting retail deposits in Singapore, the report said.
carbuncle
10-10-12, 11:34
that's more like it, no need to lug around cash anymore for the prc
hyenergix
10-10-12, 12:08
Singapore using RMB in 20 years' time?
carbuncle
10-10-12, 13:52
finally.... we can be truly PaRt Of China
TKT
10-10-12, 18:05
BOC take over UOB
ICBC take over OCBC
DBS keep

30 years time



:47:
phantom_opera
10-10-12, 18:08
M3 will go up with massive RMB coming onshore .. inflation will shoot through the roof :scared-5:
hyenergix
10-10-12, 21:47
我的地盤

http://www.youtube.com/watch?v=IAu1oX21Gl0