Approved foreign exchange business in February 2015
PRESS RELEASE Release Date: March 12, 2015
Approved foreign exchange business in February 2015
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1.EnTie Commercial Bank to engage in over-the-counter gold passbook denominated in US dollar.
2.Land Bank of Taiwan to underwrite foreign currency denominated international bonds.
3.HSBC Bank (Taiwan) to commence trading foreign bonds as an agent.
4.6 branches of 2 banks to operate foreign exchange business. As of the end of February 2015, there were 3,416 authorized banks, including 3,377 domestic banks, 3 Mainland banks and 36 foreign banks.