Beijing. China's central bank is reportedly considering the idea of making Singapore a second offshore hub - after Hong Kong - for trading the Chinese currency.
The Monetary Authority of Singapore (MAS) is in talks with the People's Bank of China (PBOC) to become an active market for buying and selling yuan, The Wall Street Journal reported yesterday.
While the Chinese side is 'receptive', no decision is imminent yet, it added, citing unidentified people familiar with the matter. Full story
