Central Bank of China
PRESS RELEASE Release Date: October 6, 2001




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Important Measures in September,2001


In line with our policy of liberalization and internationalization, and for further development of foreign exchange business, the Central Bank of China has taken the following measures in September,2001:

1. Approved Ta Chong Bank to commence Internet banking business involving foreign currencies.

2. Approved the following Authorized Banks to run derivatives business:

(1)Chiao Tung Bank operates the business of Foreign Currency Trust Funds Earmarked for Investment in Foreign Securities.

(2)Dah An Commercial Bank operates"Foreign Currency Structured Deposits "business which includes Foreign Currency Time Deposits linked with Foreign Exchange Options.

3.Authorized 2 branches of 2 domestic banks as authorized foreign exchange banks to operate foreign exchange business. In addition, 19 non-authorized foreign exchange banks were approved to sell/buy foreign currency banknote and traveler's check. At the end of September, there were totally 971 authorized foreign exchange banks, including 902 domestic banks and 69 foreign banks.