Financial Supervisory Commission of Taiwan granted approval of operations.
Bank of East Asia Ltd. said Wednesday its Taiwan offshore unit has begun offering yuan services.
The bank said in a statement that it started the service after receiving approval from the Financial Supervisory Commission of Taiwan, according to a report in Fox Business.
Yuan services at the bank's Taiwan Offshore Banking Unit include deposits, loans, trade finance, remittance and currency exchange, Bank of East Asia said.
Join Asian Banking & Finance community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!