People's Bank of China Governor Pan Gongsheng Meets with DBS Group CEO Piyush Gupta

2026-03-28 17:45:51

On March 22, Pan Gongsheng, the Governor of the People’s Bank of China, met with Chen Shushan, CEO of DBS Bank Singapore, to discuss DBS’s business development in China and deepen financial cooperation. During this meeting, Governor Pan witnessed the signing of the Renminbi business clearing agreement. After being authorized by the People’s Bank of China, DBS Bank Singapore will become the second Renminbi clearing bank in Singapore and the first local bank in Singapore to serve as a Renminbi clearing bank. The clearing bank cooperation will provide more convenient Renminbi clearing services and options for economic and trade cooperation between the two countries, further promoting bilateral trade and investment facilitation between China and Singapore. (People’s Bank of China)

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