Approved foreign exchange business in July 2017

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

1.   CTBC Bank to engage in principal protected structured products composed of foreign exchange forwards and swaps between foreign currencies linked to foreign currency principals.

2.   One branch of one bank to operate foreign exchange business. As of the end of July 2017, there were 3,439 authorized banks, including 3,401 domestic banks, 3 Mainland banks and 35 foreign banks.