Approved foreign exchange business in May 2017

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

1.   BNP Paribas Taipei Branch to issue foreign currency denominated negotiable certificate of deposits.

2.   Cathay Life Insurance Co., Ltd to disburse foreign currency loans as one of the participants in a foreign currency syndicated loan.

3.   Ten branches of five banks to operate foreign exchange business. As of the end of May 2017, there were 3,439 authorized banks, including 3,400 domestic banks, 3 Mainland banks and 36 foreign banks.