In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:

1. Taishin International Bank to issue foreign currency denominated negotiable certificate of deposits.

2. PIMCO Taiwan Limited to act as the domestic trustee of private placement offshore funds to manage the sale of funds to specific clients.

3. Two branches of one bank to operate the foreign exchange business. As of the end of May 2020, there were 3,461 authorized banks, including 3,423 domestic banks, 3 Mainland banks, and 35 foreign banks.