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Approved foreign exchange business in September 2024

Central Bank of the Republic of China(Taiwan)
 PRESS RELEASE                                                 Release Date: October 14, 2024                         
Approved foreign exchange business in September 2024
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1. China Construction Bank Taipei Branch to issue foreign currency denominated negotiable certificates of deposit.
2. Taichung Commercial Bank to accept customer’s application to open digital foreign currency deposit accounts over the Internet.
3. CTBC Bank to issue dollar-denominated senior unsecured structured notes linked to equity derivatives.
4. Pocket Securities Investment Consulting Co. Ltd. to conduct the foreign currency discretionary investment business.
5. One bank to operate the foreign exchange business. As of the end of September 2024, there were 3,465 authorized banks, including 3,425 domestic banks, 3 Mainland banks, and 37 foreign banks.
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