Approved foreign exchange business in July 2023
Central Bank of the Republic of China(Taiwan)
PRESS RELEASE Release Date: August 14, 2023
Approved foreign exchange business in July 2023
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1. Hwatai Bank to engage in non-discretionary individually managed money trust business denominated in foreign currencies.
2. DBS Bank(Taiwan)to engage in non-principal protected structured products composed of foreign currency commodity options linked to foreign currency principals and non-principal protected structured products composed of foreign currency commodity options linked to paper gold account.
3. Barclays Securities Taiwan to underwrite foreign currency denominated international bonds.
4. Fubon Securities to engage in non-principal protected callable structured products composed of foreign currency equity(including index)options linked to foreign currency principals.
5. Nomura Asset Management Taiwan Ltd. to handle public offers or private placement of funds denominated in foreign currencies(including Renminbi).
6. Two branches of two banks to operate the foreign exchange business. As of the end of July 2023, there were 3,456 authorized banks, including 3,416 domestic banks, 3 Mainland banks, and 37 foreign banks.