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Approved foreign exchange business in September 2021

Central Bank of the Republic of China (Taiwan)

PRESS RELEASE                                                 Release Date: October 13, 2021                            

Approved foreign exchange business in September 2021

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

  1. China Construction Bank Taipei Branch to issue foreign currency denominated negotiable certificate of deposits.

  2. CTBC Bank to issue a dollar-denominated senior unsecured note linked to interest rate derivatives.

  3. How Securities to engage in consigned trading of onshore and offshore funds, and brokerage business for trading and exchanging beneficial certificates of funds.

  4. Capital Futures Corp. and Yuanta Futures Co., Ltd., concurrently operatingleverage transaction merchants, to provide foreign currency denominated contracts for differences (CFDs) trading services where the underlying asset is silver, foreign equities (including foreign ETFs), and foreign equity indexes.

  5. BI Securities Investment Advisory Co., Ltd to act as the local mandated agent of an offshore fund institution and conduct private placement to specified counterparties.

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

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