Committed to becoming one of Asia’s first-class financial institutions, Fubon Financial Holdings has built a strong lineup of financial service companies. Its major subsidiaries include Taipei Fubon Bank, Fubon Bank (China), Fubon Bank (Hong Kong), Fubon Life, Fubon Insurance and Fubon Securities. With total assets of US$171.2 billion as of June 2014, the Company is the second largest listed financial holding company in Taiwan and also the most profitable financial holding company in Taiwan for five consecutive years.
Fubon Financial Holdings has also moved aggressively to extend its reach throughout Greater China. Fubon Financial Holdings acquired a stake in Xiamen Bank through Fubon Bank (Hong Kong) in 2008. Fubon Property & Casualty Insurance began operations in 2010.
Founder Fubon Fund Management, a fund management joint venture between Fubon Asset Management and Founder Securities, unveiled in July 2011. In January 2014, Fubon Financial Holdings and Taipei Fubon Bank acquired a controlling 80% stake in Shanghai-based First Sino Bank. The Bank later changed its name to Fubon Bank (China). The acquisition represented the most important milestone to date in Fubon’s long-term push into China, and established Fubon Financial Holdings as Taiwan’s only financial institution with banking subsidiaries in Greater China.
Looking ahead, Fubon Financial Holdings will continue to strengthen their presence in Taiwan and pursue stable growth. At the same time, Fubon Financial Holdings will continue to search for suitable M&A opportunities in Greater China in order to develop a foothold in the regional market and move closer to the goal of becoming a first-class business group in Asia.
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