Approved foreign exchange business in February 2016

In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:

1.  KGI Bank, EnTie Commercial Bank, Chang Hwa Commercial Bank, Yuanta Commercial Bank, Citibank Taiwan and Union Bank of Taiwan to engage in electronic transaction businesses involving foreign exchange.

2.  MasterLink Securities to engage in spot foreign exchange transactions between foreign currencies related to the securities business.

3.  Yuanta Life Insurance to conduct investment-linked insurance business in foreign currencies and foreign currency loans collateralized by insurance policies.

4.  3 branches of 3 banks to operate foreign exchange business. As of the end of February 2016, there were 3,420 authorized banks, including 3,380 domestic banks, 3 Mainland banks and 37 foreign banks.