Approved foreign exchange business in January 2017

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

1.    Chang Hwa Commercial Bank to engage in over-the-counter gold passbook denominated in foreign currency.

2.    Taishin International Bank to issue foreign currency denominated negotiable certificate of deposits.

3.    ING Bank Taipei Branch to commence trading foreign bonds as an agent.

4.    Baring SICE (Taiwan) Limited to conduct the foreign currency discretionary investment business.

5.    Capital Investment Trust Corp. to handle public offers or private placement of funds denominated in foreign currencies (including Renminbi).

6.    As of the end of January 2017, there were 3,427 authorized banks, including 3,389 domestic banks, 3 Mainland banks and 35 foreign banks.