ICBC boosts yuan clearing business
By Wang Xiaotian in Singapore | China Daily | Updated: 2013-08-06 06:47
|
 ICBC Singapore has recruited 32 employees since the beginning of the year for its treasury and clearing business. [Photo / China Daily]
|
Industrial and Commercial Bank of China Ltd, China's largest commercial lender, is boosting its yuan clearing business, in a bid to extend its global footprint.
The bank's Singapore branch - the first yuan clearing bank outside China - has seen continuous growth in clearing volume and value since it formally kicked off that business in late May.
Related Stories
Photo
