Tianjin will launch a pilot program for companies and individuals in the Sino-Singapore Tianjin Eco-city to conduct cross-border Renminbi transactions with Singapore, Tianjin Vice-Mayor Zong Guoying told a news conference on Wednesday.
 

The program, approved by the People's Bank of China, will allow firm registered in the region to obtain Renminbi - denominated loans from banks in Singapore and issue Renminbi - denominated bonds in that country.
 

It will also allow equity investment funds that have been set up in the eco-city to make overseas investments in Renminbi within the Association of Southeast Asian Nations. 

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