Recent SGX Update : MAS to count renminbi investments as part of official foreign reserves

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SINGAPORE (June 22): The Monetary Authority of Singapore (MAS) will include its renminbi (RMB) financial investments as part of its Official Foreign Reserves (OFR) from this month onwards.

“This move recognises the steady and calibrated liberalisation of China’s financial markets, and the growing acceptance of RMB assets in the global portfolio of institutional investors,” says MAS in a press statement on Wednesday.

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