For the purposes of augmenting operating scale, optimizing capital management, lowering costs, and enhancing business performance and competitiveness, Fubon Insurance, Fubon Securities, Fubon Bank and Fubon Life decided to jointly form Fubon Financial. With the approval of their respective shareholders meeting held on October 26, 2001, Fubon Insurance assigned its major assets and liabilities to the newly established Fubon Insurance Co. by means of business assignment and share transfer, which then changed business and name to Fubon Financial Holding Co., Ltd. Fubon Securities, Fubon Bank, and Fubon Life converted their shares to Fubon Financial Holding Company at the same time. The entire conversion formalities were completed on December 19, 2001. On the same day, Fubon Financial became the first holding company listed on Taiwan Stock Exchange (stock code 2881).
