Approved foreign exchange business in September 2013
PRESS RELEASE Release Date:October 14,2013
Approved foreign exchange business in September 2013
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1. Taishin Securities Investment Trust Co., Ltd. and Mega International Investment Trust Co., Ltd. to handle public offers or private placements of funds in foreign currencies. (including Renminbi).
2. Taipei Fubon Commercial Bank Co., Ltd. to underwrite International Bonds.
3. Mega Bills to engage in trading and investment of FCY Bonds.
4. 10 branches of 2 banks to operate foreign exchange business. As of the end of September 2013, there were 3,337 authorized foreign exchange banks, including 3,298 domestic banks, 3 Mainland banks and 36 foreign banks.