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    Singapore 'looking to widen its yuan role'

    By Wang Xiaotian | China Daily | Updated: 2013-05-29 08:09

    Singapore 'looking to widen its yuan role'

    City state's opening of Beijing office seen as strengthening financial ties

    The opening of the Monetary Authority of Singapore's first representative office in Asia in Beijing on Tuesday is being seen by the financial industry as a sign of Singapore's readiness to play a bigger role in the yuan's internationalization.

    The development is also viewed by Chinese and Singaporean officials as a milestone in further strengthening bilateral financial cooperation.

    Singapore 'looking to widen its yuan role'

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