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Central Bank of the Republic of China (Taiwan)

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Central Bank of the Republic of China (Taiwan)
中華民國中央銀行
Central Bank of China logo.jpg
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

The Central Bank of the Republic of China (Taiwan) (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[edit]

Mainland China[edit]

Central Bank of China headquarter in Guangzhou, Guangdong.

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[edit]

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[edit]

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 Representative Office
  • London Representative Office

List of Governors[edit]

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
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] 6724 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[edit]

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

See also[edit]

References[edit]

External links[edit]