Approved foreign exchange business in August 2013
PRESS RELEASE Release Date: September 13, 2013
Approved foreign exchange business in August 2013
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1. DWS Investments to handle public offers of funds in foreign currencies. (including Renminbi).
2. Taiwan Cooperative Bills Finance Corp., to engage in trading and investment of foreign currency bonds.
3. 8 branches of 4 banks to operate foreign exchange business. As of the end of August 2013, there were 3,327 authorized foreign exchange banks, including 3,288 domestic banks, 3 Mainland banks and 36 foreign banks.