DBS and Bank of China strengthen partnership.

DBS and Bank of China strengthen partnership. The two major financial institutions announced a memorandum of understanding to deepen cooperation across fintech, cross-border RMB solutions, and regional trade finance. The collaboration targets key markets including Singapore, Indonesia, and Vietnam, aiming to facilitate cross-border transactions and support Chinese companies expanding internationally. DBS CEO Tan Su Shan highlighted the resilience of China-Singapore economic ties, while BOC Chairman Ge Haijiao emphasized the importance of advancing RMB internationalization and green finance initiatives. The strategic alliance positions both banks to capitalize on growing regional trade flows and financial innovation opportunities throughout Asia.