The Central Bank of Taiwan published its monthly overview of renminbi (RMB) business conducted by banks, covering activity across authorized domestic banking units (DBUs) and offshore banking units (OBUs). As of January 31, 2025, 65 authorized banks (DBUs) and 56 OBUs were conducting RMB business. Deposits at end-December 2024 totalled RMB 114.34 billion (DBUs: RMB 83.12 billion; OBUs: RMB 31.22 billion), while discounts and loans at end-December 2024 stood at RMB 19.02 billion (DBUs: RMB 0.73 billion; OBUs: RMB 18.29 billion). Remittances in December 2024 amounted to RMB 240.45 billion (DBUs: RMB 103.03 billion; OBUs: RMB 137.42 billion), and the release reported no negotiable certificates of deposit. The Taipei Branch of the Bank of China handled RMB 497 billion of RMB settlements in January 2025; figures shown in brackets were from the previous month.
Central Bank of Taiwan 2025-02-14
Central Bank of Taiwan releases January 2025 overview of banks’ RMB business with 65 DBUs and RMB 114.34 billion in deposits
The Central Bank of Taiwan's report noted 65 domestic banking units (DBUs) and 56 offshore banking units (OBUs) engaged in RMB activities as of January 31, 2025. By end-December 2024, RMB deposits totaled RMB 114.34 billion, with RMB 83.12 billion in DBUs and RMB 31.22 billion in OBUs. December 2024 remittances reached RMB 240.45 billion, while the Taipei Branch of the Bank of China processed RMB 497 billion in settlements in January 2025.