Approved foreign exchange business in January 2025

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

3.E.Sun Commercial Bank to engage in principal protected callable structured products composed of foreign currency equity index options and foreign currency interest rate (including index) options linked to foreign currency principals.

4.Yuanta Securities and SinoPac Securities to act as  participating dealers for a domestically issued foreign currency-denominated ETF.

5.SinoPac Securities to engage in wealth management business by means of non-discretionary and semi-discretionary individually managed securities trusts involving foreign exchange.

6.As of the end of January 2025, there were 3,459 authorized banks, including 3,419 domestic banks, 3 Mainland banks, and 37 foreign banks.