Approved foreign exchange business in March 2014
PRESS RELEASE Release Date: April 14, 2014
Approved foreign exchange business in March 2014
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1. HSBC Bank (Taiwan) Limited to conduct with CCS business with central government bond linked to NTD/FCY(excluding Renminbi).
2. JihSun Securities and Ta Chong Securities to underwrite foreign-currency denominated International Bonds.
3. J.P. Morgan Asset Management and BNP Paribas TCB Asset Management to conduct foreign currency discretionary investment business.
4. 4 branches of Land Bank of Taiwan to operate foreign exchange business. As of the end of March 2014, there were 3,362 authorized foreign exchange banks, including 3,323 domestic banks, 3 Mainland banks and 36 foreign banks.