Approved foreign exchange business in November 2010
PRESS RELEASE Release Date: December 13 , 2010
Approved foreign exchange business in November 2010
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1.Hua Nan Investment Trust Co. to conduct foreign currency discretionary investment business involving inward and outward remittances.
2.SinoPac Securities Co., to handle consigned trading of foreign securities involving clearing payments and foreign fees receipts and disbursements settled in NTD.
3.Financial Information Service Co. Ltd., to conduct onshore USD payment and settlement system.
4.Mega International Commercial Bank, Taiwan Depository & Clearing Corp. and R.O.C. Bills Finance Associates to conduct onshore USD short-term bills and settlement business from December 6, 2010.
5.29 branches of 10 banking enterprises to operate foreign exchange business. As of the end of November 2010, there were 1,640 authorized foreign exchange banks, including 1,572 domestic banks and 68 foreign banks.