Central Bank of the Republic of China (Taiwan)

Not to be confused with People's Bank of China, Bank of China, National Bank of China, or Bank of Taiwan.

Central Bank of the Republic of China
中華民國中央銀行

Headquarters	Zhongzheng, Taipei
Established	1924 (in Guangzhou) 1928 (in Shanghai) 1961 (in Taiwan)
Governor	Perng Fai-nan
Central bank of	Republic of China
Currency	New Taiwan Dollar TWD (ISO 4217)
Bank rate	1.5% (22 May 2016)
Website	www.cbc.gov.tw

Central Bank

Traditional Chinese

中央銀行

Simplified Chinese

中央银行

Transcriptions
Standard Mandarin
Hanyu Pinyin	Zhōngyāng Yínháng
Bopomofo	ㄓㄨㄥㄧㄤㄧㄣˊ ㄏㄤˊ
Gwoyeu Romatzyh	Jong'iang Ynharng
Wade–Giles	Chung¹-yang¹ In²-Hang²
Tongyong Pinyin	Jhongyang Yínháng
MPS2	Jūngyāng Yínháng
Hakka
Romanization	Tûng-ông Ngiùn-hòng
Southern Min
Hokkien POJ	Tiong-iang-gîn-hâng Tiong-iong-gûn-hâng

The Central Bank of the Republic of China (CBC; Chinese: 中華民國中央銀行; pinyin: Zhōnghuá Mínguó Zhōngyāng Yínháng),^[1]^[2] known in English from 1924 to 2007 as the Central Bank of China,^[3] is the central bank of the Republic of China, now commonly known as Taiwan.^[4] Its legal and common name in Chinese is literally translated as the "Central Bank". The central bank is administered under the Executive Yuan of the ROC government.^[5]

History

Mainland China

Central Bank of China headquarter in Guangzhou, Guangdong (1924-1927).

Central Bank of China headquarters on the Bund, Shanghai (1930-1949)

The bank was originally proposed in 1923 by Sun Yat-sen's administration in Guangzhou, in which it was established a year later under the name Central Bank of China. Following the success of the Northern Expedition, the Central Bank took over the role of central bank for China from the Bank of China in 1928, with its headquarters in Shanghai. Before 1949, it was one of China's "Big Four" national banks, along with the Bank of China, Bank of Communications, and Farmers Bank of China.

Taiwan

Central Bank of the Republic of China (Taiwan) headquarters in Taipei, Taiwan.

After the loss of mainland China in the Chinese Civil War by the Kuomintang (KMT) and its subsequent retreat to Taiwan in December 1949, the Central Bank of China also moved along with the government to Taiwan. Until it was re-established as central bank in 1961, the Bank of Taiwan acted as the de facto central bank in Taiwan. On 8 November 1979, the newly revised Central Bank of China Act was promulgated. The Bank of Taiwan issued the New Taiwan dollar until 2000, when the Central Bank of China finally took over the task. In 2000 the English name of the Central Bank of China was renamed Central Bank of the Republic of China (Taiwan) along with a host of other renamings under the Chen Shui-bian administration of state-owned corporations with "China" in their name, such as the Chunghwa Post.

Organizational structure

Department of Banking

Department of the Treasury

Department of Banking
Department of Issuing
Department of Foreign Exchange
Department of the Treasury
Department of Financial Inspection
Department of Economic Research
Secretariat
Department of Accounting
Department of Information Management
Personnel Office
Ethics Office
Legal Affairs Office
New York City Representative Office
London Representative Office

List of Governors

№	Name	Term of Office		Days	Premier
Governor of CBC (Guangzhou)
1	T. V. Soong (宋子文)	15 August 1924	February 1928
Governor of CBC
1	T. V. Soong (宋子文)	February 1928	December 1931
1	T. V. Soong (宋子文)
February 1932	6 April 1933
2	H. H. Kung (孔祥熙)	6 April 1933	26 July 1945	4494
3	Yu Hung-Chun (俞鴻鈞)	26 July 1945	6 February 1946	195
4	Tsuyee Pei (貝祖貽)	6 February 1946	28 February 1947	387
5	Chang Kia-ngau (張嘉璈)	1 March 1947	21 May 1948	447
6	Yu Hung-Chun (俞鴻鈞)	21 May 1948	19 January 1949	243	Weng Wenhao Sun Fo
7	Liu Kong-yün (劉攻芸)	19 January 1949	24 June 1949	156	Sun Fo He Yingqin Yan Xishan
8	Hsu K'an (徐堪)	24 June 1949	5 October 1949	1199	Yan Xishan
9	Yu Hung-Chun (俞鴻鈞)	26 January 1950	1 June 1960^[6]	3779	Yan Xishan Chen Cheng I Yu Hung-chun Chen Cheng II
10	Hsu Po-yüan (徐柏園)	27 July 1960	29 April 1969	3198	Chen Cheng II Yen Chia-kan
11	Yu Kuo-hwa (俞國華)	25 June 1969	30 May 1984	5453	Yen Chia-kan Chiang Ching-kuo Sun Yun-suan Yu Kuo-hua
12	Chang Chi-cheng (張繼正)	21 June 1984	June 1989		Yu Kuo-hua Lee Huan
13	Hsieh Sam-chung (謝森中)	June 1989	May 1994		Lee Huan Hau Pei-tsun Lien Chan
14	Liang Kuo-Shu (梁國樹)	May 1994	20 March 1995		Lien Chan
15	Hsu Yuan-Tung (許遠東)	20 March 1995	16 February 1998^[6]	1064	Lien Chan Vincent Siew
16	Perng Fai-nan (彭淮南)	25 February 1998	Incumbent^[7]	6861	Vincent Siew Tang Fei Chang Chun-hsiung I Yu Shyi-kun Frank Hsieh Su Tseng-chang Chang Chun-hsiung II Liu Chao-shiuan Wu Den-yih Sean Chen Jiang Yi-huah Mao Chi-kuo Chang San-cheng Lin Chuan

Transportation

The headquarters building is accessible within walking distance north-west from Chiang Kai-shek Memorial Hall Station of the Taipei Metro.

References

↑ Welcome to the Central Bank of the Republic of China
↑ "Central bank latest to drop 'China' label". Taipei Times. 11 Feb 2007. p. 1.
↑ Introduction to the Central Bank of the Republic of China Archived November 28, 2007, at the Wayback Machine. (English)
↑ "Central Bank of China changes English name". The China Post. 2007-02-11. Retrieved 2007-02-12.
↑ The Law of the Central Bank, 中央銀行法 Archived December 28, 2007, at the Wayback Machine. (Taiwanese Mandarin) (Central Bank Law)
1 2 Died in office.
↑ Longest-serving governor.

External links

Central Bank of the Republic of China official site (Taiwanese Mandarin)

Central banks

Global

Global	Bank for International Settlements Basel Committee on Banking Supervision Financial Stability Board

By continent

Africa	Bank of Central African States Central Bank of West African States Bank of Algeria National Bank of Angola Bank of Botswana Bank of the Republic of Burundi Bank of Cape Verde Central Bank of the Comoros Central Bank of the Congo Central Bank of Djibouti Central Bank of Egypt Bank of Eritrea National Bank of Ethiopia Central Bank of The Gambia Bank of Ghana Central Bank of the Republic of Guinea Central Bank of Kenya Central Bank of Lesotho Central Bank of Liberia Central Bank of Libya Central Bank of Madagascar Reserve Bank of Malawi Central Bank of Mauritania Bank of Mauritius Bank Al-Maghrib (Morocco) Bank of Mozambique Bank of Namibia Central Bank of Nigeria National Bank of Rwanda Central Bank of São Tomé and Príncipe Central Bank of Seychelles Bank of Sierra Leone Central Bank of Somalia Bank of Somaliland South African Reserve Bank Bank of South Sudan Central Bank of Sudan Central Bank of Swaziland Bank of Tanzania Central Bank of Tunisia Bank of Uganda Bank of Zambia Reserve Bank of Zimbabwe

Americas	Central Bank of Argentina Central Bank of Aruba Central Bank of The Bahamas Central Bank of Barbados Bermuda Monetary Authority Central Bank of Brazil Bank of Canada Central Bank of Chile Bank of the Republic (Colombia) Central Bank of Cuba Central Bank of Curaçao and Sint Maarten Eastern Caribbean Central Bank Cayman Islands Monetary Authority Central Bank of Ecuador Bank of Guatemala Bank of the Republic of Haiti Central Bank of Honduras Bank of Jamaica Bank of Mexico Central Bank of Nicaragua Central Reserve Bank of Peru Central Bank of Suriname Central Bank of Trinidad and Tobago Federal Reserve System (United States) Central Bank of the Uruguay Central Bank of Venezuela

Asia	Da Afghanistan Bank Central Bank of Bahrain Bangladesh Bank Royal Monetary Authority of Bhutan Brunei Currency and Monetary Board Autoriti Monetari Brunei Darussalam National Bank of Cambodia People's Bank of China Hong Kong Monetary Authority Reserve Bank of India Bank Indonesia Central Bank of the Islamic Republic of Iran Central Bank of Iraq Bank of Israel Bank of Japan Central Bank of Jordan National Bank of Kazakhstan National Bank of the Kyrgyz Republic Bank of Korea Central Bank of the Democratic People's Republic of Korea Central Bank of Kuwait Banque du Liban Monetary Authority of Macao Bank Negara Malaysia Maldives Monetary Authority Bank of Mongolia Central Bank of Myanmar Nepal Rastra Bank Central Bank of Oman State Bank of Pakistan Palestine Monetary Authority Bangko Sentral ng Pilipinas Qatar Central Bank Saudi Arabian Monetary Agency Monetary Authority of Singapore Central Bank of Sri Lanka Central Bank of Syria Central Bank of the Republic of China (Taiwan) Bank of Thailand Central Bank of Turkmenistan Central Bank of the United Arab Emirates Central Bank of Uzbekistan State Bank of Vietnam Central Bank of Yemen

Europe	European Central Bank (Eurosystem) National Bank of the Republic of Abkhazia Bank of Albania Central Bank of Armenia National Bank of Austria Central Bank of Azerbaijan National Bank of the Republic of Belarus National Bank of Belgium Central Bank of Bosnia and Herzegovina Bulgarian National Bank Croatian National Bank Central Bank of Cyprus Czech National Bank Danmarks Nationalbank (Denmark) Deutsche Bundesbank (Germany) Bank of England Bank of Estonia Bank of Finland Banque de France National Bank of Georgia Bank of Greece Hungarian National Bank Central Bank of Iceland Central Bank of Ireland Banca d'Italia Central Bank of Kosovo Bank of Latvia Bank of Lithuania Central Bank of Luxembourg National Bank of the Republic of Macedonia Central Bank of Malta National Bank of Moldova Central Bank of Montenegro De Nederlandsche Bank Norges Bank Central Bank of the Turkish Republic of Northern Cyprus National Bank of Poland Banco de Portugal National Bank of Romania Central Bank of Russia National Bank of Serbia National Bank of Slovakia Bank of Slovenia Gosbank (Soviet Union) Bank of Spain Swedish National Bank Swiss National Bank Central Bank of the Republic of Turkey National Bank of Ukraine

Oceania	Reserve Bank of Australia Reserve Bank of Fiji Reserve Bank of New Zealand Bank of Papua New Guinea Central Bank of Samoa Central Bank of Solomon Islands National Reserve Bank of Tonga Reserve Bank of Vanuatu

Policies and implementation

Policies	Capital requirement Contractionary monetary policy Expansionary monetary policy Basel II Basel III Basel 4

Implementation	Capital control Discount rate Interest rates Money creation Open market operation Sovereign wealth fund

Bretton Woods system

International Monetary Fund World Bank Group International Bank for Reconstruction and Development International Centre for Settlement of Investment Disputes International Development Association International Finance Corporation Multilateral Investment Guarantee Agency

Lists

List of central banks Central banks and currencies of Africa Central banks and currencies of Asia-Pacific Central banks and currencies of the Caribbean Central banks and currencies of Europe Central banks and currencies of Central America and South America

Names in italics indicate non-sovereign (dependent) territories, former countries, or states with limited recognition

Executive Yuan

Premier current Vice Premier current

Ministries	Culture Economic Affairs Education Finance Foreign Affairs Health and Welfare Interior Justice Labor National Defense Science and Technology Transportation and Communications

Commissions	Central Election Financial Supervisory Fair Trade Mongolian and Tibetan Affairs National Communications Public Construction

Councils	Agriculture Atomic Energy Hakka Affairs Indigenous Peoples Mainland Affairs National Development Overseas Community Affairs Veterans Affairs

Agencies	Budget, Accounting and Statistics Coast Guard Environmental Protection Personnel Administration

Other bodies	Central Bank National Palace Museum

Economy of Taiwan

History	Four Asian Tigers Economic history of Taiwan Chinese National Standards China Circle Taiwan Miracle Formosa bond

Currency	New Taiwan dollar Fifth series of the New Taiwan Dollar banknote Old Taiwan dollar

Banking and finance	Taiwan Stock Exchange Taiwan Futures Exchange Taiwan Capitalization Weighted Stock Index CSI Cross-Straits 500 Index

Government agencies	Ministry of Economic Affairs Fair Trade Commission Financial Supervisory Commission Consumer Protection Commission Taiwan External Trade Development Council Central Bank Central Mint Central Engraving and Printing Plant

Research	Taiwan Institute of Economic Research Chung-Hua Institution for Economic Research Institute of Economics, Academia Sinica Industrial Technology Research Institute Taiwan Livestock Research Institute Institute for Information Industry

Sectors	Electricity Energy Mining Telecommunications Transportation Water Supply and Sanitation

Industrial parks	Changhua Coastal Industrial Park Hsinchu Science and Industrial Park Kaohsiung Science Park Linhai Industrial Park Tainan Science Park

Associations	American Chamber of Commerce in Taipei US-Taiwan Business Council

Other	Economic Cooperation Framework Agreement Minimum wage International rankings

Category Commons

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