Approved foreign exchange business in August 2017

central bank of the republic of china (taiwan)

press release                                          release date: september 12, 2017              

approved foreign exchange business in august 2017

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

1.   pinebridge investments management taiwan limited to conduct the foreign currency discretionary investment business.

2.   two branches of one bank to operate foreign exchange business. as of the end of august 2017, there were 3,440 authorized banks, including 3,402 domestic banks, 3 mainland banks and 35 foreign banks.