Taiwan's first yuan debt offerings by four big mainland banks have been snapped up, opening the floodgates for up to 60 billion yuan (HK$76.5 billion) of fundraising as Beijing looks to strengthen the island's role in the drive to ...
Tags: Taiwan, RMB, Offshore Yuan Market
Bank of China and three other mainland banks on Tuesday issued yuan bonds worth RMB6.7b in Taiwan, a move that could give a boost to Taiwan's offshore yuan market. So far the yuan deposits in Taiwan have reached more than RMB120b. ...
Tags: taiwan, economy, Offshore Yuan Market