Approved foreign exchange business in December 2023

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

1.First Commercial Bank to engage in non-principal protected structured products composed of foreign currency interest rate swaps, foreign currency interest rate swaptions and foreign currency equity (including index) options linked to foreign currency principals.

2.DBS Bank (Taiwan) to issue a dollar-denominated long term subordinated unsecured bond.

3.One branch of one bank to operate the foreign exchange business. As of the end of December 2023, there were 3,468 authorized banks, including 3,428 domestic banks, 3 Mainland banks, and 37 foreign banks.