That means businesses can set up cross-border accounts from Singapore without having to travel overseas. The Commercial IBC also caters to foreign companies keen to trade or set up operations in Singapore. The idea is that customers need only liaise with the relationship managers at the Commercial IBC to establish banking relationships they need with HSBCÆs overseas offices.
According to the 2007 SME Development Survey by DP Information Group, the number of Singapore SMEs doing business overseas has been growing steadily over...
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