星展银行获准担任新加坡人民币清算行

Group 1 - DBS Bank has been authorized by the People's Bank of China to act as the Renminbi clearing bank in Singapore, becoming the first Singaporean bank to obtain this qualification, marking a significant milestone in its Renminbi business development [1] - The approval allows DBS Bank to participate in the over-the-counter business of the offshore Chinese interbank bond market, enhancing its capabilities in cross-border Renminbi financing [2] - This development will enable DBS Bank to provide more comprehensive and competitive Renminbi solutions, facilitating efficient Renminbi settlement and cross-border usage for its clients, thereby promoting investment connectivity and financial innovation in the Asia region [1][2] Group 2 - DBS Bank is a leading foreign underwriter in China's Panda bond market, actively assisting international issuers in accessing Renminbi financing channels [2] - The authorization to participate in the Chinese interbank bond market will optimize the efficiency for foreign investors entering the Chinese bond market, significantly enhancing transaction convenience and providing more diverse and efficient channels for investing in domestic Renminbi-denominated bonds [2] - The approval as a Renminbi clearing bank significantly strengthens DBS Bank's ability to support clients in participating in China's deep financial markets, bridging the offshore and onshore Renminbi markets more smoothly [2]