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DBS launches currency-linked product in anticipation of the conversion cap lift

In the wake of fresh announcements from the Hong Kong Monetary Authority (HKMA) to scrap the 20,000 yuan (US$3,283) daily conversion cap, DBS plans to launch a currency-linked product available to its private banking clients next Monday. “We will launch a CNH-linked dual currency investment product on Monday, a new currency pair, to enhance exposure for investors who have views…

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