MAS on Financial Sector Cooperation Between Singapore and China

The following initiatives have been announced: 

• DBS will be granted a Settlement Agent License by PBC. This will enable DBS to trade, settle, and provide custody for the interbank bond market instruments in China on behalf of foreign investors.
• MAS and PBC will establish a cooperation mechanism that enables designated Singapore and Chinese banks to offer custody and trading services for regional and global investors in the bond market in China. 
• There have been ongoing discussions between MAS and CSRC to enhance capital market connectivity and the authorities have agreed to strengthen cross-border supervisory cooperation to promote the healthy and stable development of the securities and futures markets.

Keywords: Asia Pacific, Singapore, China, Banking, Securities, Cross-Border Cooperation, Bond Market, DBS, PBC, CSRC, MAS