Approved foreign exchange business in June 2013
PRESS RELEASE Release Date: July 12 , 2013
Approved foreign exchange business in June 2013
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1 Schroders to handle public offers or private placement of funds in foreign currencies (including Renminbi).
2. Concord Securities Co., Ltd., and Mega Securities to underwrite Formosa Bonds.
3. SinoPac Futures to accept the designation of overseas Chinese and foreigners to conduct foreign currency discretionary futures business.
4. ANZ Bank (Taiwan) to conduct FCY Commodity Price Swaps and FCY Commodity Options by notifying the Bank after the commencement of business.
5. 9 branches of 4 banks to operate foreign exchange business. As of the end of June 2013, there were 3,302 authorized foreign exchange banks, including 3,264 domestic banks, 2 Mainland banks and 36 foreign banks.