Approved foreign exchange business in July 2024

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

1. Chang Hwa Commercial Bank to issue foreign currency denominated negotiable certificates of deposit.

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

3. EnTie Commercial Bank to engage in foreign securities trading business provided such trading is neither an investment of proprietary funds nor done to meet hedging purposes.

4. Fubon Securities to engage in principal protected callable structured products composed of foreign currency interest rate swaps, foreign currency interest rate options, and foreign currency interest rate swaptions linked to foreign currency principals.

5. As of the end of July 2024, there were 3,466 authorized banks, including 3,426 domestic banks, 3 Mainland banks, and 37 foreign banks.