BOC to serve as renminbi clearing bank in Taiwan

The Taipei branch of Bank of China will serve as a clearing bank for renminbi transactions in Taiwan.

An appraisal process in accordance with a cross-Strait currency was conducted to determine the clearing bank.

Taiwan's monetary authorities in September designated Bank of Taiwan's Shanghai branch as the clearing bank to handle New Taiwan dollar transactions on the mainland

Under the currency clearing memorandum between mainland and Taiwan, each side will designate a clearing bank to carry out currency settlements and liquidations for the other side. The clearing banks will be able to handle cash exchanges of currencies from the two sides.

For more.

Also Read

BSP onboards first non-bank e-money issuer in real-time settlement system

JPMorgan Chase eyes outsourcing Hong Kong, Taiwan custody business

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!

I want to download the media kit

Top News

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia