Approved foreign exchange business in February 2025
Central Bank of the Republic of China(Taiwan)
PRESS RELEASE Release Date: March 13, 2025
Approved foreign exchange business in February 2025
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1.Australia and New Zealand Banking Group Taipei Branch 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.Societe Generale Taipei Branch to underwrite foreign currency denominated international bonds.
4.One branch of one bank to operate the foreign exchange business. As of the end of February 2025, there were 3,460 authorized banks, including 3,420 domestic banks, 3 Mainland banks, and 37 foreign banks.