Approved foreign exchange business in October 2014

In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1.The authorized banks to engage in foreign exchange settlement with an amount less than New Taiwan dollar 500,000 through internet or mobile banking to non-resident natural persons.
2.Chinatrust Commercial Bank Hong Kong Branch and Singapore Branch to engage in New Taiwan dollar Non-delivery forward (NDF).
3.Capital Investment Trust Corporation to conduct in foreign currency discretionary investment business.
4.Capital Gateway Securities Investment Consulting Enterprise to act as the domestic trustee of private placement offshore funds to manage the sale of funds to specific clients.
5.ANZ Banking Group Limited, Taipei Branch and Standard Chartered Bank (Taiwan) Limited to commence trading foreign bonds as an agent.
6.14 branches of 6 banks to operate foreign exchange business. As of the end of October 2014, there were 3,408 authorized banks, including 3,369 domestic banks, 3 Mainland banks and 36 foreign banks.