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UOB Offers Offshore Yuan Products

United Overseas Bank will roll out various offshore products denominated in yuan.

United Overseas Bank (UOB) will roll out various offshore products denominated in yuan, The Wall Street Journal reports. The Singapore-based lender will float a yuan bond fund by the end of the month.

The vehicle will provide access to the offshore yuan bond markets that are traded in the secondary market on the Hong Kong stock exchange. UOB recently started offering foreign currency fixed deposit accounts.

Click here for the story from The Wall Street Journal.

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