After the establishment of the Republic of China in 1912, the Chiao Tung Bank was authorized to issue banknotes backed by silver reserves.

Government ownership of the bank was reduced to a minority during the instability of the Yuan Shikai regime and the Northern Warlords era.

Kung, who had worked to erode the independence of Shanghai's powerful bankers, forced both banks to create new shares that gave the government majority ownership.

After the 1949 establishment of the People's Republic of China (PRC) on the mainland, both banks' operations were split, though their management and most liquid assets were transferred to Taiwan.

In August 2016, in the wake of the Panama Papers scandal, the bank was fined $180 million for violating laws against money laundering by a New York State regulators in the US, which described its compliance program as a "hollow shell".

"[5] Former President Lee Tung-hui assigned blame for this malfeasance to Kuomintang officials who had run the bank for decades.

Panama Canada Japan Philippines Vietnam Cambodia Myanmar Singapore Malaysia Hongkong China India Indonesia Thailand Australia France Netherlands England