Renminbi deposits climb to record at Taiwan banks' offshore units

12/11/2012 | China Economic News Service (Taiwan) · Bloomberg

Renminbi deposits held by Taiwan banks' offshore banking units rose to a record 19.304 billion yuan, or about US$3.02 billion, at the end of October, Taiwan's central bank reported. Separately, China's central bank selected Bank of China's Taipei branch to clear yuan transactions in Taiwan, a step toward common use of China's currency there.

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China Economic News Service (Taiwan) · Bloomberg

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