Lee Kuan Yew sees Singapore as 2nd yuan trade hub

AFP
SINGAPORE — Singapore can become a secondary yuan trading centre after Hong Kong as the Chinese currency gains broader global usage, Singapore statesman, and former prime minister, Lee Kuan Yew said in remarks published Tuesday.
"Hong Kong is part of China. Hong Kong is well connected with the international financial markets. So China will use Hong Kong; the overflow may come to us," Lee said in an interview with Dow Jones Newswires. Full story

Related:
Lee Kuan Yew: US dollar printing may ‘reduce the value of the dollar’ – WSJ interview - ForexLive