Laws and Regulations Database of the Central Bank of the Republic of China(Taiwan)

（Conditions for approval）
1.A banking enterprise located in Kinmen and Matsu approved by the Central Bank
　of the Republic of China (Taiwan) (“CBC”) to handle the purchase or sale of 
 foreign currency banknotes and traveler’s checks may apply for CBC’s approval to 
 engage in the trial operation of the purchase or sale of Renminbi bills pursuant  
 to the Directions.
　To apply, the head office of the banking enterprise as specified in the
　previous subparagraph shall submit a business plan describing the
　qualifications and experiences of its clerks dealing with or checking the 
　Renminbi transactions as well as supporting documents regarding (1) the
　arrangement of renminbi bills coverage (2) the ability to identify
　genuine/counterfeit Renminbi bills and (3) the ability to manage the risk.
　A banking enterprise located in Kinmen and Matsu approved by the CBC to 
　handle the purchase or sale of Renminbi bills, after obtaining CBC’s
　approval, may delegate other related businesses or institutions to handle 
　such purchase and sale.

（Qualifications of customers）
2.Customers of the purchase or sale of Renminbi bills shall be limited to
　Taiwan Area and China Area residents traveling between Mainland China and
　Kinmen or Matsu as referred to in Articles 10, 10-1, 12 and 15 of the
　Regulations Governing the Trial Operation of Transportation Links between
　Kinmen/Matsu and the Mainland Area.

（Limit on transaction size）
3.The amount of Renminbi bills purchased or sold for each arrival or departure
　of the customers shall not exceed the quota of carrying Renminbi cash in or 
　out of the Taiwan Area imposed by the competent authority.

（Setting exchange rate）
4.The exchange rate of Renminbi against NT dollars for the purchase or sale of
　Renminbi bills shall be determined by each banking enterprise, and shall be
　posted at its business premises. 

（Counterparties of Renminbi coverage）
5.Counterparties of Renminbi coverage shall be decided by each banking 
　enterprise engaging in the purchase or sale of Renminbi bills.

（Daily report）
6.The head office of a banking enterprise engaging in the purchase or sale of
　Renminbi bills shall, on a daily basis, after the close of business, complete
　and submit a Renminbi transaction report in the same format as the attached
　form to the CBC by electronic means.