Approved foreign exchange business in January 2022
Central Bank of the Republic of China （Taiwan）
PRESS RELEASE Release Date: February 14, 2022
Approved foreign exchange business in January 2022
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
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E. Sun Commercial Bank and Australia and New Zealand Banking Group Limited Taipei Branch to issue foreign currency denominated negotiable certificate of deposits.
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CTBC Securities to conduct inward or outward remittance of funds related to the underwriting of foreign currency denominated international bonds.
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Next Bank to provide services to customers conducting overseas consumption and cash withdrawal with ATM Cards.
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Best Benefit Investment Consulting Co., Ltd. to act as the local mandated agent of an offshore fund institution and conduct private placement to specified counterparties.
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One branch of one bank to operate the foreign exchange business. As of the end of January 2022, there were 3,466 authorized banks, including 3,428 domestic banks, 3 Mainland banks, and 35 foreign banks.