Approved foreign exchange business in March 2012
PRESS RELEASE Release Date: April 12, 2012
Approved foreign exchange business in March 2012
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1. Taichung Commercial Bank to trade FCY options.
2. BlackRock Securities Investment Trust Co. to conduct foreign currency discretionary investment business.
3. AIA to conduct non-investment-linked insurance business settled in foreign currencies and foreign currency loans secured by the same insurance policy.
4. 152 branches of 18 banking enterprises to operate foreign exchange business. As of the end of March 2012, there were 2,700 authorized foreign exchange banks, including 2,646 domestic banks and 54 foreign banks.