Approved foreign exchange business in January 2024

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.First Commercial Bank to issue two dollar-denominated senior unsecured structured notes linked to interest rate derivatives.

3.CTBC Bank to issue three dollar-denominated senior unsecured structured notes linked to equity derivatives.

4.One bank and one branch of one bank to operate the foreign exchange business. As of the end of January 2024, there were 3,469 authorized banks, including 3,429 domestic banks, 3 Mainland banks, and 37 foreign banks.