As of end November 2014, Singapore Branch has achieved a new record high for Cross Border Renminbi transactional volume of about RMB 50 billion. The transaction volume has been breaking new highs for 4 years straight since the beginning of the Cross Border Renminbi business in 2011.

Since the initiation of the Cross Border Renminbi Trading Settlement Pilot Programme in 2009, Singapore Branch has been vigorously promoting new product innovations, constantly strengthening our position as the market leader in Renminbi trading functionalities and raising our excellent standard of service. New products that were extremely well received by the market players include Cross Border Forwards, Cross Border Time Options, Cross Border Structured Time Options with Multiple Partial Drawdowns and other Renminbi trade products.