Approved foreign exchange business in May 2023

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

1. Taishin International Bank to issue foreign currency denominated negotiable certificates of deposit.
2. DBS Bank (Taiwan) to engage in gold business denominated in foreign currency.
3. E. Sun Commercial Bank to engage in principal protected structured products composed of domestic equity (including index) options linked to foreign currency principals.
4. Barclays Securities Taiwan to conduct consigned trading of foreign securities involving receipts and disbursements settled in foreign currencies.
5. Two branches of two banks to operate the foreign exchange business. As of the end of May 2023, there were 3,455 authorized banks, including 3,415 domestic banks, 3 Mainland banks, and 37 foreign banks.