The rebound in March snapped a decline streak of five consecutive months.
Outstanding yuan-denominated deposits held by the offshore banking units rose by 1.32 billion yuan to 33.99 billion yuan at the end of March from February, pushing up the total balance despite a decline of yuan deposits held by individual investors in March.
However, onshore banking units of Taiwan-based banks cut their positions of yuan deposits by 438 million yuan to 248.29 billion yuan in March due to a redemption of two yuan-denominated bond mutual funds.
Taiwan still ranks as the second largest offshore RMB market, after Hong Kong's outstanding yuan deposits of 608.3 billion yuan.
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