RMB Deposit Balance Rises for 4th Consecutive Month in July; CBC Says Reciprocal Tariffs Have No Impact Yet

(Central News Agency, Lü Yanci, Taipei, August 15, 2025) The Central Bank of the Republic of China (Taiwan) today announced that the RMB deposit balance in domestic banks reached RMB 124.341 billion in July, marking the fourth consecutive monthly increase. A central bank official explained that the rise was driven by corporate inflows, including capital, investment profits, and dividends, boosting both DBU and OBU deposit balances, with no visible impact from reciprocal tariffs yet.

The central bank released the July RMB business statistics for banks, showing that the RMB deposit balance in designated foreign exchange banks (DBUs) increased by RMB 2.084 billion month-on-month to RMB 91.410 billion, while the balance in offshore banking units (OBUs) rose by RMB 2.991 billion to RMB 32.931 billion. Combined, the total RMB deposit balance grew by RMB 5.075 billion to RMB 124.341 billion.

The official stated that the increase in DBU deposits was due to corporate inflows of capital, investment returns, and dividends, with more companies seeing slight deposit growth. Meanwhile, the rise in OBU deposits was attributed to corporate clients transferring funds from DBUs to OBUs for fixed deposits.

Looking at recent trends, the RMB deposit balance fell below RMB 130 billion in March last year and dropped further below RMB 120 billion in December, hitting the lowest level since October 2013. However, this year, it has stabilized at a low level before rising for four consecutive months from April to July.

The central bank also provided the latest RMB special deposit rates: one-month deposits offer the highest rate of 2.55% at Bank SinoPac, three-month deposits yield 1.45% at Bank of Panhsin, six-month deposits earn 1.65% at Bank of Panhsin, and one-year deposits provide 1.5% at Sunny Bank.