PBOC Chongqing's RMB move expected to boost yuan flows with Singapore

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In a move seen as boosting cross-border yuan flows between Singapore and Chongqing, the People's Bank of China Chongqing Operations Office (PBOC Chongqing) on Friday announced it will allow eligible corporates and individuals in the Chinese city to conduct cross-border yuan transactions with financial institutions and corporates in Singapore.



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