RMB Deposit Balance Ends 7 Consecutive Drops, Rises to 110.3 Billion Yuan in March
Taiwan's banking sector saw a rebound in its RMB deposit balance to 110.397 billion yuan in March, ending a seven-month decline. This was attributed mainly to increased corporate receipts and payment preparations, with the central bank deeming this range a "base level."
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- 📰 Published: April 17, 2026 at 19:46
- 🔍 Collected: April 17, 2026 at 20:02 (15 min after Published)
- 🤖 AI Analyzed: April 18, 2026 at 23:44 (27h 42m after Collected)
The Central Bank today released statistics showing that the total RMB deposit balance in domestic banks in March was RMB 110.397 billion, an increase of RMB 1.324 billion month-on-month, ending the continuous decline for seven consecutive months. Central Bank officials explained that the increase in DBU deposit balances in March was mainly due to an increase in corporate receipts, with corporate accounts increasing and individual accounts decreasing; the rise in OBU deposit balances was because companies prepared in advance for payments needed the following month.
Looking back at the changes in RMB deposit balances in recent years, Central Bank officials stated that the trend was clearly downward in previous years, but over the past year or so, after falling to the 110 to 120 billion yuan range, it has entered a period of horizontal consolidation, suggesting that due to a certain degree of cross-strait economic and trade exchanges, there remains a basic demand for corporate fund mobilization and investment.
Regarding the US-Iran war that broke out at the end of February, Central Bank officials explained that the impact of the conflict in the Middle East extends globally, including to China. However, it is not yet clear whether the conflict has impacted China's economy and consequently affected cross-strait economic and trade activities and RMB payment demand; this requires longer-term observation.
The Central Bank also provided the latest RMB special deposit interest rates today: for a 1-month term, Yongfeng Bank offers the best rate at 2.55%; for a 3-month term, CTBC Bank offers 1.3%; for a 6-month term, YX Bank offers 1.1%; and for a one-year term, YX Bank offers 1.2%. Central Bank officials frankly stated that the RMB special deposit interest rates have not changed much and remain at relatively low levels, noting that compared to the US dollar, "the attractiveness is not as great," and compared to the New Taiwan Dollar, it is also slightly less appealing. (Editor: Yang Kaixiang) 1150417
Looking back at the changes in RMB deposit balances in recent years, Central Bank officials stated that the trend was clearly downward in previous years, but over the past year or so, after falling to the 110 to 120 billion yuan range, it has entered a period of horizontal consolidation, suggesting that due to a certain degree of cross-strait economic and trade exchanges, there remains a basic demand for corporate fund mobilization and investment.
Regarding the US-Iran war that broke out at the end of February, Central Bank officials explained that the impact of the conflict in the Middle East extends globally, including to China. However, it is not yet clear whether the conflict has impacted China's economy and consequently affected cross-strait economic and trade activities and RMB payment demand; this requires longer-term observation.
The Central Bank also provided the latest RMB special deposit interest rates today: for a 1-month term, Yongfeng Bank offers the best rate at 2.55%; for a 3-month term, CTBC Bank offers 1.3%; for a 6-month term, YX Bank offers 1.1%; and for a one-year term, YX Bank offers 1.2%. Central Bank officials frankly stated that the RMB special deposit interest rates have not changed much and remain at relatively low levels, noting that compared to the US dollar, "the attractiveness is not as great," and compared to the New Taiwan Dollar, it is also slightly less appealing. (Editor: Yang Kaixiang) 1150417