Approved foreign exchange business in December 2022

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

1. Cota Bank to engage in gold business denominated in foreign currency.
2. DBS Bank (Taiwan) to engage in principal protected structured products composed of foreign currency interest rate swaps linked to foreign currency principals.
3. Taichung Bank Securities Investment Trust Co., Ltd. to handle private placement of funds denominated in foreign currencies (including Renminbi).
4. As of the end of December 2022, there were 3,453 authorized banks, including 3,413 domestic banks, 3 Mainland banks, and 37 foreign banks.