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Singapore To Expand Financial Cooperation With China

CHINA PRESS

Authorities in Singapore and China plan to boost cooperation in new digital finance and capital markets, according to the Monetary Authority of Singapore. During the recent 19th Joint Council for Bilateral Cooperation in Tianjin, leaders from both sides agreed to pilot a scheme allowing the use of e-CNY for tourism spending in Singapore and China. Additionally, JCBC participants cited recent developments including an MOU between the Singapore Exchange and the Guangzhou Futures Exchange, plus the launch of exchange-traded funds between both markets as examples of increased collaboration. (Source: MAS website)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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