BusinessWeek, 14 Dec 2011Dec. 14 (Bloomberg) -- The People’s Bank of China may let Singapore host a yuan-clearing bank, which will make it the second place after Hong Kong outside of the mainland to have one, according to Deutsche Bank AG.
London and New York are also vying to be offshore yuan trading centers. Bank of China Hong Kong Holdings Ltd. has been Hong Kong’s sole yuan-clearing bank since Dec. 2003. Full story
