MAS renews bilateral currency swap arrangement with People’s Bank of China

The arrangement will be renewed for five more years.

The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) renewed the Bilateral Currency Swap Arrangement (BCSA) for a further term of five years or until 2027.

The BCSA, which was first signed in 2010, has been a key pillar of cooperation between MAS and PBC and helps to strengthen regional economic resilience and financial stability. Under the arrangement, MAS and PBC can access liquidity in each other’s currencies to support the financing of trade and investment, and to stabilise financial markets.

Up to CN¥300b in Chinese Yuan liquidity and $65b in Singapore Dollar liquidity will be available to financial institutions operating in Singapore and China respectively.

The BCSA renewal was signed by MAS Managing Director Ravi Menon and PBC Governor
Yi Gang and was effective from 13 July 2022.

Follow the link for more news on

MAS

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia