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Singapore's central bank to establish rep office in Beijing

The Monetary Authority of Singapore has signed an agreement with the  People's Bank of China to establish a representative office in Beijing.

The agreement was signed by Dr Zhou Xiaochuan, Governor of PBC and Ravi Menon, the MAS Managing Director, on the sidelines of the Bank of International Settlements annual general meeting in Basel, Switzerland.

Singapore's central bank said the establishment of the representative office in Beijing, would further strengthen bilateral cooperation between it and the PBC, as well as other Chinese financial authorities.

The Beijing representative office is MAS' third overseas, after those in London and New York.

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