Approved foreign exchange business in July 2025

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

1. CTBC Bank to issue dollar-denominated senior unsecured structured notes linked to equity derivatives.
2. Hua Nan Commercial Bank to issue a callable dollar-denominated senior unsecured structured note linked to interest rate derivatives.
3. Fubon Life Insurance to engage in wealth management business involving foreign exchange.
4. Mega International Commercial Bank, Chang Hwa Commercial Bank, Taiwan Business Bank and Land Bank of Taiwan to issue foreign currency denominated negotiable certificates of deposit.
5. UBS AG Taipei Branch and Union Bank of Taiwan to engage in foreign securities trading business provided such trading is neither an investment of proprietary funds nor done to meet hedging purposes.
6. KGI Securities to engage in spot foreign exchange transactions related to the securities business.
7. Three branches of two banks to operate the foreign exchange business. As of the end of July 2025, there were 3,449 authorized banks, including 3,409 domestic banks, 3 Mainland banks, and 37 foreign banks.