Central Bank of the Republic of China (Taiwan)
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Central Bank of the Republic of China (Taiwan)
?
ROC Central Bank Seal.svg
HeadquartersZhongzheng, Taipei
Established1924 (in Guangzhou)
1928 (in Shanghai)
1961 (in Taipei)
OwnershipGovernment of the Republic of China
GovernorYang Chin-long
Central bank ofTaiwan
CurrencyNew Taiwan Dollar
TWD (ISO 4217)
Bank rate1.5% (22 May 2016)
Websitewww.cbc.gov.tw
Central Bank
Traditional Chinese
Simplified Chinese

The Central Bank of the Republic of China (Taiwan) (CBC; Chinese: ),[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

No Name Term of Office Days Cabinet
Governor of CBC (Guangzhou)
1 T. V. Soong () 15 August 1924 February 1928
Governor of CBC
1 T. V. Soong () February 1928 December 1931
February 1932 6 April 1933
2 H. H. Kung () 6 April 1933 26 July 1945 4494
3 Yu Hung-chun () 26 July 1945 6 February 1946 195
4 Tsuyee Pei () 6 February 1946 28 February 1947 387
5 Chang Kia-ngau () 1 March 1947 21 May 1948 447 Zhang Qun
6 Yu Hung-chun () 21 May 1948 19 January 1949 243 Weng Wenhao
Sun Fo
7 Liu Kong-yun () 19 January 1949 24 June 1949 156 Sun Fo
He Yingqin
Yan Xishan
8 Hsu K'an () 24 June 1949 5 October 1949 1199 Yan Xishan
9 Yu Hung-chun () 26 January 1950 1 June 1960[6] 3779 Yan Xishan
Chen Cheng I
Yu Hung-chun
Chen Cheng II
10 Hsu Po-yuan () 27 July 1960 29 April 1969 3198 Chen Cheng II
Yen Chia-kan
11 Yu Kuo-hwa () 25 June 1969 30 May 1984 5453 Yen Chia-kan
Chiang Ching-kuo
Sun Yun-suan
Yu Kuo-hua
12 Chang Chi-cheng () 21 June 1984 June 1989 Yu Kuo-hua
Lee Huan
13 Hsieh Sam-chung () June 1989 May 1994 Lee Huan
Hau Pei-tsun
Lien Chan
14 Liang Kuo-shu () 1 June 1994 20 March 1995 Lien Chan
15 Sheu Yuan-dong () 20 March 1995 16 February 1998[6] 1064 Lien Chan
Vincent Siew
16 Perng Fai-nan () 25 February 1998 26 February 2018[7] 7306 Vincent Siew
Tang Fei
Chang Chun-hsiung I
Yu Shyi-kun
Frank Hsieh
Su Tseng-chang I
Chang Chun-hsiung II
Liu Chao-shiuan
Wu Den-yih
Sean Chen
Jiang Yi-huah
Mao Chi-kuo
Chang San-cheng
Lin Chuan
William Lai
17 Yang Chin-long () 26 February 2018 Incumbent 687 William Lai
Su Tseng-chang II

Access

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

See also

References

  1. ^ Welcome to the Central Bank of the Republic of China
  2. ^ "Central bank latest to drop 'China' label". Taipei Times. 11 Feb 2007. p. 1.
  3. ^ Introduction to the Central Bank of the Republic of China Archived November 28, 2007, at the Wayback Machine (in English)
  4. ^ "Central Bank of China changes English name". The China Post. 2007-02-11. Retrieved .
  5. ^ The Law of the Central Bank, Archived December 28, 2007, at the Wayback Machine (in Chinese) (Central Bank Law)
  6. ^ a b Died in office.
  7. ^ Longest-serving governor.

External links


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

Central_Bank_of_the_Republic_of_China_(Taiwan)
 



 



 
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