Renminbi deposits at Taiwan’s offshore banking units and local financial institutions reached 155.12 billion yuan (US$25.54 billion) in November, the island’s central bank said in a statement Monday. The figure represents an increase of 25.86 percent from October. Corporations accounted for 60 percent of the total renminbi deposits. Since February, Taiwan banks have been trading in the Chinese currency and accepting yuan deposits under a cross-strait renminbi clearing arrangement.
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