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 Fubon Life, Taipei Fubon Bank, Fubon Bank (Hong Kong), Fubon Bank (China), Fubon Insurance, Fubon Securities. As of the end of 2018, Fubon Financial Holdings had total assets of US$251 billion, ranking second among Taiwan’s financial holding companies, and it has been the most profitable company in the industry in terms of earnings per share (EPS) for ten consecutive years. The company was named to the Fortune Global 500 for the first time in 2018.
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, later change its name to Fubon Bank (China). In 2016, Fubon Bank (China) became a 100%-owned subsidiary of Fubon Financial Holdings. Fubon Financial Holdings is now the only Taiwanese financial institution with banking subsidiaries in China, Taiwan and Hong Kong.
The company continues to expand its Asian network and deepen its presence in Greater China. In 2018, it took direct control of a 19.95% stake in Xiamen Bank to strengthen its investment position in China. Fubon Life achieved a milestone of its own, increasing its stake in South Korea’s Hyundai Life to 62.06% and taking management control of the company, which was renamed Fubon Hyundai Life Insurance Co.
At the heart of Fubon Financial Holdings’ operating strategy is a strong commitment to sustainable growth, which has earned the company global recognition. In 2018, it was selected for a second straight year to the DJSI World Index and MSCI ESG Leaders Indexes and for a third year running to the DJSI Emerging Markets Index.
Looking ahead, Fubon Financial Holdings will continue to strengthen our 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.