Taiwan's RMB deposits up in August

TAIPEI, Sept. 17 (Xinhua) -- The renminbi-denominated deposit balance of Taiwan's financial institutions totaled 314.93 billion yuan (about 45.8 billion U.S. dollars) at the end of August, according to data released by the island's monetary authority on Monday.

The figure was 2.02 billion higher than at the end of July, an increase for the third consecutive month.

Of the total deposit balance, 281.35 billion yuan is under the island's 66 authorized banks, while an additional 33.58 billion yuan is under 58 offshore banking units.

The amount of RMB settlements handled by the Taipei Branch of Bank of China in August was 458.1 billion yuan.