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

File: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
Transcriptions Standard Mandarin Hanyu Pinyin Zhōngyāng Yínháng Bopomofo ㄓㄨㄥ ㄧㄤ ㄧㄣˊ 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), known in English from 1924 to 2007 as the Central Bank of China, is the central bank of the Republic of China, now commonly known as Taiwan. 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.

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)
style="background:Template:Non-partisan/meta/color; color:black;" | 1	T. V. Soong (宋子文)	15 August 1924	February 1928
Governor of CBC
style="background:Template:Non-partisan/meta/color; color:black;" rowspan=2| 1	T. V. Soong (宋子文)	February 1928	December 1931
February 1932		6 April 1933
style="background:Template:Non-partisan/meta/color; color:black;" | 2	H. H. Kung (孔祥熙)	6 April 1933	26 July 1945	4494
style="background:Template:Non-partisan/meta/color; color:black;" | 3	Yu Hung-Chun (俞鴻鈞)	26 July 1945	6 February 1946	195
style="background:Template:Non-partisan/meta/color; color:black;" | 4	Tsuyee Pei (貝祖貽)	6 February 1946	28 February 1947	387
style="background:Template:Non-partisan/meta/color; color:black;" | 5	Chang Kia-ngau (張嘉璈)	1 March 1947	21 May 1948	447
style="background:Template:Non-partisan/meta/color; color:black;" | 6	Yu Hung-Chun (俞鴻鈞)	21 May 1948	19 January 1949	243	Weng Wenhao Sun Fo
style="background:Template:Non-partisan/meta/color; color:black;" | 7	Liu Kong-yün (劉攻芸)	19 January 1949	24 June 1949	156	Sun Fo He Yingqin Yan Xishan
style="background:Template:Non-partisan/meta/color; color:black;" | 8	Hsu K'an (徐堪)	24 June 1949	5 October 1949	1199	Yan Xishan
style="background:Template:Non-partisan/meta/color; color:black;" | 9	Yu Hung-Chun (俞鴻鈞)	26 January 1950	1 June 1960	3779	Yan Xishan Chen Cheng I Yu Hung-chun Chen Cheng II
style="background:Template:Non-partisan/meta/color; color:black;" | 10	Hsu Po-yüan (徐柏園)	27 July 1960	29 April 1969	3198	Chen Cheng II Yen Chia-kan
style="background:Template:Non-partisan/meta/color; color:black;" | 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
style="background:Template:Non-partisan/meta/color; color:black;" | 12	Chang Chi-cheng (張繼正)	21 June 1984	June 1989		Yu Kuo-hua Lee Huan
style="background:Template:Non-partisan/meta/color; color:black;" | 13	Hsieh Sam-chung (謝森中)	June 1989	May 1994		Lee Huan Hau Pei-tsun Lien Chan
style="background:Template:Non-partisan/meta/color; color:black;" | 14	Liang Kuo-Shu (梁國樹)	May 1994	20 March 1995		Lien Chan
style="background:Template:Non-partisan/meta/color; color:black;" | 15	Hsu Yuan-Tung (許遠東)	20 March 1995	16 February 1998	1064	Lien Chan Vincent Siew
style="background:Template:Non-partisan/meta/color; color:black;" | 16	Perng Fai-nan (彭淮南)	25 February 1998	Incumbent	9758	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.

See also

• Central Mint of China
• China Engraving and Printing Works
• Economy of Taiwan
• List of banks in Taiwan

External links

• Central Bank of the Republic of China official site Template:Zh-tw