Taiwan's RMB deposits down

TAIPEI, May 15 (Xinhua) -- The renminbi-denominated deposit balance of Taiwan's financial institutions totaled 314.56 billion yuan (about 49.45 billion U.S. dollars) at the end of April, according to data released by the island's monetary authority Tuesday.

The figure was 5.1 billion lower than at the end of March.

Of the deposit figure, 284.76 billion yuan is under the island's 66 authorized banks, while an additional 29.79 billion yuan is under 58 offshore banking units.

The amount of RMB settlements handled by the Taipei Branch of the Bank of China in April was 349.6 billion yuan.