Approved foreign exchange business in March 2009
PRESS RELEASE Release Date: April 14, 2009
Approved foreign exchange business in March 2009
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1. The Kaohsiung Third Credit Cooperative to sell/buy Renminbi banknotes.
2. EnTie Commercial Bank to sell/buy NTD/FCY options.
3. Pioneer Global Investments (Taiwan) Ltd., to act as offshore funds’ domestic trustees to manage the sale of funds to specific clients privately.
4. AEGON Securities Investment Consulting Co., Ltd. to conduct foreign currency discretionary investment.
5. Horizon Securities to handle consigned trading of foreign securities.
6. Horizon Security Investing Consultant Co. to act as a single master agent for Edmond de Rothschild Asset Management in offering and selling offshore funds in Taiwan.
7. 12 branches of 4 banking enterprises to operate foreign exchange business. As of the end of March 2009, there were 1,348 authorized foreign exchange banks, including 1,254 domestic banks and 94 foreign banks. In addition, 9 branches of 3 banking enterprises were approved to sell/buy foreign currency banknotes and traveler’s checks.