Date
19 October 2017

Taiwan RMB deposits at 123.24 bln yuan in Oct, central bank says

Renminbi deposits at Taiwan’s 56 offshore banking units and 63 local financial institutions reached 123.24 billion yuan (US$20.23 billion) in October, the island’s central bank said in a statement on its website Thursday. The figure represents an increase of 24.58 billion yuan from September. Since February, Taiwan banks have been trading in the Chinese currency and accepting yuan deposits under a cross-strait renminbi clearing arrangement.

– Contact HKEJ [email protected]

TL/AC/RC

 

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