TREE NEWS update: Zhu Hexin, deputy governor of the People’s Bank of China and administrator of the State Administration of Foreign Exchange, met visiting Monetary Authority of Singapore deputy managing director Leong Sing Chiong on September 9. The two sides exchanged views on the global economic and financial situation and on deepening China-Singapore cooperation in the financial sector. SAFE deputy administrator Li Bin attended the meeting.
China FX Regulator Zhu Hexin Meets Singapore MAS Deputy Managing Director Leong Sing Chiong
AI take
Cross-border financial regulation is the subtext here: SAFE's top official sitting with MAS's deputy managing director points to continued official-level coordination between Beijing and a key offshore RMB hub. The read-through matters most for institutions with exposure to both markets, where regulatory alignment shapes settlement, licensing and capital-flow arrangements. Whether such exchanges translate into concrete bilateral financial-sector measures is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
7m ago
China Launches Data Property Rights Registration System
15m ago
BRICS Finance Ministers Call for IMF, World Bank Reform
16m ago
Shanghai Stock Exchange Monitors Longban Media, Other Volatile Stocks
17m ago
China’s Three Departments Target Farm Sensors, Chips and Robots in Digital Countryside Plan
18m ago
France’s central bank governor calls economic situation worrying, urges action on budget deficit
18m ago
China’s Three Agencies Unveil Digital Countryside Action Plan, Eyeing Satellite Internet for Rural Access