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DBS Bank (China) secures bond settlement agent license in China

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DBS Bank (China) secures bond settlement agent license in China

DBS Bank (China) Ltd. received a license from the People's Bank of China to act as a bond settlement agent in the country's interbank bond market.

The bank said it is the first Singaporean bank to receive such a license, according to a Jan. 14 release.

DBS Bank (China) is a unit of DBS Group Holdings Ltd.