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CGS are marketable securities issued by the central government of the Republic of China through the Central Bank of the Republic of China (Taiwan)(CBC). The purposes for the central government to issue these securities are mainly to meet a temporary shortfall in funds, to pay off maturing debt or to raise funds for public construction. These securities are in the form of either treasury bills (T-bills) or bonds. The government is obliged to pay the holders of the T-bills or bonds a fixed sum of money on the maturity dates of the securities. Thus, when you buy one of these securities, you are lending your money to the government.
