Approved foreign exchange business in January 2018

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

1.   Reappointment of Bank of China Taipei Branch as the RMB clearing bank in Taiwan to offer RMB settlement and clearing services.

2.   Taishin International Bank, O-Bank, and Mega International Commercial Bank to provide digital foreign exchange deposit account opening service to customers.

3.   CTBC Investments Co., Ltd. to handle public offers of funds denominated in foreign currencies (including Renminbi).

4.   One branch of one bank to operate foreign exchange business. As of the end of January 2018, there were 3,445 authorized banks, including 3,407 domestic banks, 3 Mainland banks and 35 foreign banks.