Taiwan surpasses RMB100bn in offshore RMB deposits in a month

Tremendous response from the market.

According to BBVA, a number of media outlets in Taiwan reported that offshore RMB (CNT) deposits among domestic banking units (DBU) of qualified Taiwanese banks have surpassed RMB 10bn, only one month since the commencement of CNT business, which kicked off on February 6.

"The size of the CNT market is much smaller compared to the CNH market (which was RMB 624bn by the end of January). Nevertheless, the market’s growth momentum is impressive given that it took about ten months for offshore RMB deposits in Hong Kong to surpass RMB 10bn when the CNH market was launched in February 2004," said BBVA.

"Relatively higher RMB deposit rates in the CNT market, along with the transfer of offshore RMB from other offshore RMB centers to Taiwan are likely the drivers. Looking ahead, a gradual increase in the use of RMB for cross-strait trade settlements, and the eventual utilization of a RMB 100bn RQFII quota for Taiwanese investors (which is under consideration by the CSRC), would further boost offshore RMB deposits in Taiwan," it added.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia