Approved foreign exchange business in December 2018

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

1.    Mega International Commercial Bank to issue a dollar-denominated senior unsecured note.

2.    DBS Bank (Taiwan) to issue a dollar-denominated subordinated unsecured note.

3.    Citibank Taiwan to provide digital foreign exchange deposit account opening service to customers.

4.    Reliance Securities to accept orders to trade foreign securities with receipt/payment of settlement and fees in NTD.

5.    Mirae Asset Global Investments (Taiwan) Ltd. to handle public offers or private placement of funds denominated in foreign currencies (including Renminbi).

6.    As of the end of December 2018, there were 3,444 authorized banks, including 3,406 domestic banks, 3 Mainland banks, and 35 foreign banks.