Approved foreign exchange business in August 2025

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

1. KGI Life Insurance to engage in wealth management business involving foreign exchange.
2. First Commercial Bank and Bank of Taiwan to issue foreign currency denominated negotiable certificates of deposit.
3. Bank SinoPac to engage in trust-type discretionary investment in foreign-currency denominated securities.
4. One branch of one bank to operate the foreign exchange business. As of the end of August 2025, there were 3,450 authorized banks, including 3,410 domestic banks, 3 Mainland banks, and 37 foreign banks.