Central Bank of the Republic of China (Taiwan)

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

Former Russo-Chinese Bank Building on the Bund, the Central Bank of China headquarters in Shanghai from 1928 to 1949

The bank was originally proposed in 1923 by Sun Yat-sen's administration in Guangzhou, and 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 the 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.

The CBC's operations were scattered across various locations in Taipei until moving into its present headquarters (white buildings) in the 1970s

After World War II, Taiwan was retroceded to the Republic of China in 1945, and the Central Bank of China was moved along with the government to Taiwan after losing mainland China in the Chinese Civil War by the Kuomintang (KMT) and its subsequent retreat to Taiwan in December 1949. While the CBC was the island’s central bank from 1949, the Bank of Taiwan, a commercial bank founded in 1897 during Japanese colonial rule, kept issuing banknotes until the CBC assumed that role in 1961. 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 2007 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.