Central Bank of the Republic of China （Taiwan）

 PRESS RELEASE                                                 Release Date: February13, 2023                          

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

1. E. Sun Commercial Bank to issue foreign currency denominated negotiable certificates of deposit.

2. Reappointment of Bank of China Taipei Branch as the RMB clearing bank in Taiwan to offer RMB settlement and clearing services.

3. Hua Nan Commercial Bank to engage in non-principal protected structured products composed of foreign currency interest rate swaps and foreign currency interest rate options linked to foreign currency principals.

4. As of the end of January 2023, there were 3,453 authorized banks, including 3,413 domestic banks, 3 Mainland banks, and 37 foreign banks.