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Approved foreign exchange business in August 2021

Central Bank of the Republic of China (Taiwan)

 PRESS RELEASE                                                 Release Date: September 13, 2021                           

Approved foreign exchange business in August 2021

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

  1. Chang Hwa Commercial Bank, Bank of Taiwan, Mega International Commercial Bank, First Commercial Bank, Taiwan Business Bank, and Bank of China Taipei Branch to issue foreign currency denominated negotiable certificate of deposits.

  2. E. Sun Commercial Bank to engage in principal protected callable structured products composed of foreign currency equity options and foreign exchange rate options linked to foreign currency principals.

  3. Far Eastern International Bank to engage in foreign securities trading business provided such trading is neither an investment of proprietary funds nor done to meet hedging purposes.

  4. As of the end of August 2021, there were 3,463 authorized banks, including 3,425 domestic banks, 3 Mainland banks, and 35 foreign banks.

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