DBS gains approval to act as RMB clearing bank in China

DBS can now facilitate onshore China bond trading and provide custody services there.

DBS has obtained approval from China to serve as an RMB clearing bank, with the go-ahead to operate in China’s onshore over-the-counter (OTC) bond market.

This makes DBS the first Singaporean bank to serve as an RMB clearing bank, it said in a press release on 15 December 2025.

The approval also allows DBS to facilitate onshore China bond trading and provide custody services offshore.

DBS customers now have direct access to China’s onshore RMB liquidity, including various RMB-denominated instruments and solutions across both onshore and offshore markets, it said.

DBS China is one of the earliest direct participants in the cross-border interbank payment system (CIPS) and has been a member since 2015. DBS Singapore was admitted as an overseas participant in September 2025.

Follow the link for more news on

DBS

A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

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