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Singapore, China deepen financial cooperation with new renminbi initiatives

( December 16, 2025, 03:37 GMT | Official Statement) -- MLex Summary: Singapore and China agreed to deepen financial cooperation through new renminbi and capital market initiatives announced by the Monetary Authority of Singapore at a bilateral council meeting in Chongqing on Monday. Measures include appointing DBS as Singapore’s second offshore RMB clearing bank, backing secondary listings of Chinese A-share companies on the Singapore Exchange and launching an over-the-counter bond market arrangement to widen investor access to China’s interbank bond market. The two sides will also pilot the use of China’s digital yuan for Singapore travellers and step up collaboration in green finance, indices and exchange-traded funds. Statement follows. ...

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