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UOB launches 2 new forex solutions in China to support Belt and Road cross-border financing

PC Lee Published on Tue, Feb 13, 2018 / 11:13 AM GMT+8

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SINGAPORE (Feb 13): United Overseas Bank has added two foreign exchange (FX) solutions to its expanding suite of cross-border financial products and services in China.

The first solution enables onshore banks in China to trade directly with banks overseas via the R5-SHCH Connect without having to source for counterparties and to negotiate prices individually.

The launch of the R5-SHCH Connect was established as part of the China-UK collaboration on financing infrastructure to support China's Belt and Road Initiative (BRI).

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UOB launches 2 new forex solutions in China to support Belt and Road cross-border financing