Approved foreign exchange business in June 2014
Central Bank of the Republic of China (Taiwan)
PRESS RELEASE Release Date: July 14, 2014
Approved foreign exchange business in June 2014
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1.Fidelity Securities Investment Trust Co., to conduct foreign currency discretionary investment business.
2. BNP Paribas Taipei Branch, Deutsche Bank Taipei Branch to commence buying or selling foreign bonds for customers.
3. Taiwan Finance Corp., to engage in trading and investment of FCY Bonds.
4. AIA to conduct investment-linked insurance business settled in foreign currencies and foreign currency loans secured by the same insurance policy.
5. 6 branches of 2 banks to operate foreign exchange business. As of the end of June 2014, there were 3,375 authorized foreign exchange banks, including 3,336 domestic banks, 3 Mainland banks and 36 foreign banks.