Approved foreign exchange business in June 2024

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

1. Reappointment of Mizuho Bank Taipei Branch as the JPY settlement bank for the Foreign Exchange Interbank Clearing System.
2. Cathay United Bank to engage in trust-type discretionary investment in foreign-currency denominated securities.
3. CTBC Bank to issue dollar-denominated senior unsecured structured notes linked to equity derivatives.
4. Shanghai Commercial & Savings Bank to engage in principal protected structured products composed of domestic equity (including index) options linked to foreign currency principals.
5. As of the end of June 2024, there were 3,466 authorized banks, including 3,426 domestic banks, 3 Mainland banks, and 37 foreign banks.