Approved foreign exchange business in April 2024

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

1. Bank of Communications Taipei Branch to issue foreign currency denominated negotiable certificates of deposit.
2. The Shanghai Commercial & Savings Bank to issue a callable dollar-denominated senior unsecured structured note linked to interest rate.
3. CTBC Bank to issue a dollar-denominated senior unsecured structured note linked to equity derivatives.
4. Sunny Bank and Natixis Taipei Branch to underwrite foreign currency denominated international bonds.
5. As of the end of April 2024, there were 3,469 authorized banks, including 3,429 domestic banks, 3 Mainland banks, and 37 foreign banks.