<a href=’http://news.xinhuanet.com/english/2015-10/08/c_134692604.htm’ target=’_blank’>China’s ICBC clears 1st RMB transaction in Singapore via new cross-border payment system</a>

The Industrial and Commercial Bank of China (ICBC) Singapore completed its first clearing of 35 million yuan via the Cross-border Interbank Payment System (CIPS) on Thursday as a major step to internationalize its currency.