|
KGI Bank
KGI Bank () is a commercial bank of Taiwan. It is part of China Development Financial Holding Corporation. History Cosmos Bank The financial institution founded by Hsu Sheng-fa obtained its incorporation approval on 13 August 1991 as Cosmos Bank. It acquired its license on 14 January 1992 and commenced its business on 12 February 1992. On 10 February 2014, the bank agreed on share-swap to make it a subsidiary of China Development Financial Holding Corporation (CDF) and officially became CDF subsidiary on 15 September 2014. CDF acquired Cosmos Bank at the cost of NT$23.09 billion. KGI Bank In January 2015, Cosmos Bank was renamed as KGI Commercial Bank. From this point on, CDIB's Corporate Banking and Financial Markets were ceded to KGI Commercial Bank. See also *List of banks in Taiwan *China Development Financial Holding Corporation China Development Financial Holding Co., Ltd. (CDF; ) is a Financial Holding Corporation in Taiwan. It mainly does business with its key ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hsu Sheng-fa
Hsu Sheng-fa (; 24 January 1925 – 17 April 2021) was a Taiwanese businessman and politician. He served on the Legislative Yuan as a member of the Kuomintang from 1981 to 1990. Hsu was born in 1925 in Japanese Taiwan. He founded Prince Motors in 1965. The company became a Taiwan-based sales agent of Suzuki Motors. As the company fell into debt, a layoff affecting 1,000 employees took place, which led to a protest outside company headquarters in November 2012. Hsu founded Cosmos Bank, the predecessor to KGI Bank, in 1992. He sold eighty percent of the bank's shares in 2007, and stepped down as chairman. In 2008, Hsu was investigated and questioned by the Taipei District Prosecutors' Office regarding alleged embezzlement. Hsu was a member of the Legislative Yuan between 1981 and 1990. He remained politically active after leaving the legislature, serving on the Central Standing Committee of the Kuomintang as well as chairing the China National Federation of Industry. He later work ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Songshan District, Taipei
Songshan District is a district of Taipei, Taiwan. The Songshan Airport and the Taipei Arena are located here. History Songshan was originally named Malysyakkaw, a lowland Ketagalan word meaning "Where the river twists". Its written form () was abbreviated () in 1815 during Qing rule. During Japanese rule (1895-1945), the area served as a prime tea-growing area in northern Taiwan. In 1920, the area's settlements were established as , Shichisei District, Taihoku Prefecture. The village, named after Matsuyama City in Japan, was incorporated into Taihoku City (modern-day Taipei) in 1938. At the outset of one-party rule by the Kuomintang (1945-1990), the Mandarin Chinese reading of the kanji characters (i.e. Sung-shan) was adopted as the name of the district, which in 1946 officially comprised 26 municipal villages (). In 1949, the area's tea estates gave way to military housing for lower-income Kuomintang refugee families. The bodies of many residents and political victims ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taipei
Taipei (), officially Taipei City, is the capital and a special municipality of the Republic of China (Taiwan). Located in Northern Taiwan, Taipei City is an enclave of the municipality of New Taipei City that sits about southwest of the northern port city of Keelung. Most of the city rests on the Taipei Basin, an ancient lakebed. The basin is bounded by the relatively narrow valleys of the Keelung and Xindian rivers, which join to form the Tamsui River along the city's western border. The city of Taipei is home to an estimated population of 2,646,204 (2019), forming the core part of the Taipei–Keelung metropolitan area, which includes the nearby cities of New Taipei and Keelung with a population of 7,047,559, the 40th most-populous urban area in the world—roughly one-third of Taiwanese citizens live in the metro district. The name "Taipei" can refer either to the whole metropolitan area or just the city itself. Taipei has been the seat of the ROC central government ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taiwan
Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the northeast, and the Philippines to the south. The territories controlled by the ROC consist of 168 islands, with a combined area of . The main island of Taiwan, also known as ''Formosa'', has an area of , with mountain ranges dominating the eastern two-thirds and plains in the western third, where its highly urbanised population is concentrated. The capital, Taipei, forms along with New Taipei City and Keelung the largest metropolitan area of Taiwan. Other major cities include Taoyuan, Taichung, Tainan, and Kaohsiung. With around 23.9 million inhabitants, Taiwan is among the most densely populated countries in the world. Taiwan has been settled for at least 25,000 years. Ancestors of Taiwanese indigenous peoples settled the isla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Development Financial Holding Corporation
China Development Financial Holding Co., Ltd. (CDF; ) is a Financial Holding Corporation in Taiwan. It mainly does business with its key subsidiaries the CDIB Capital Group, KGI Securities, KGI Bank and China Life. Development history In 1959, China Development Corporation was established. The first private development financial institution in Taiwan was established through the collective efforts of the Economic Stabilization Committee of the Executive Yuan, the World Bank, and private capital as Taiwan's first privately run financial institution focusing on direct investments. In 1999, China Development Corporation was restructured as an industrial bank. Renowned for direct investment service, China Development Industrial Bank had continued its way to support local industry. In December 2001 the China Development Industrial Bank (CDIB) established the CDF by way of a stock swap. On November 8, 2002, the Grand Cathay Securities Corporation and Elite Securities became sub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central News Agency (Taiwan)
The Central News Agency (CNA) is a government-controlled news agency in Taiwan. In addition to its Chinese language edition, it also has English and Japanese editions. It has a 300-strong employee base, and overseas branches in some 30 countries. It works with a number of well-known news agencies around the world, such as the Associated Press, Reuters, Deutsche Welle, and Agence France-Presse. History The agency was founded , by the Kuomintang. Its headquarters was originally located in Guangzhou in Guangdong, but had to be relocated to Taipei in 1949, following the defeat of the Republic of China government in mainland China in the Chinese Civil War. Despite the corporatisation of the agency in 1973, it continued to receive heavy government subsidies, and remained the nation's official agency. At the time, CNA journalists received preferential treatment on various occasions, mostly government-related press conferences. After democratization, on 1 July 1996, the agency becam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Banking
Wholesale banking is the provision of services by banks to larger customers or organizations such as mortgage brokers, large corporate clients, mid-sized companies, real estate developers and investors, international trade finance businesses, institutional customers (such as pension funds and government entities/agencies), and services offered to other banks or other financial institutions. Wholesale finance refers to financial services conducted between financial services companies and institutions such as banks, insurers, fund managers, and stockbrokers. Modern wholesale banks engage in: * Finance wholesaling * Underwriting * Market making * Consultancy * Mergers and acquisitions * Fund management See also * Merchant banking * Retail banking * Commercial banking * Investment banking References {{reflist Banking Banking A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Market
A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds, raw materials and precious metals, which are known in the financial markets as commodities. The term "market" is sometimes used for what are more strictly ''exchanges'', organizations that facilitate the trade in financial securities, e.g., a stock exchange or commodity exchange. This may be a physical location (such as the New York Stock Exchange (NYSE), London Stock Exchange (LSE), JSE Limited (JSE), Bombay Stock Exchange (BSE) or an electronic system such as NASDAQ. Much trading of stocks takes place on an exchange; still, corporate actions (merger, spinoff) are outside an exchange, while any two companies or people, for whatever reason, may agree to sell the stock from the one to the other without using an exchange. Trading of currencies and bonds is largely on a bilateral basis, although some bonds trade o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Daily News
''United Daily News'' (UDN; ) is a newspaper published in Taiwan. It is considered to support the pan-Blue Coalition in its editorials. History UDN was founded in 1951 by Wang Tiwu as a merger of three newspapers, ''Popular Daily'' (全民日報), ''National'' (民族報), and the ''Economic Times'' (經濟時報). The three newspapers formally merged in 1953. In terms of political orientation, the ''United Daily News'' is regarded as taking an editorial line that supports the pan-Blue Coalition. Before Taiwan democratized, it was an opponent of political reform; in the years since Taiwan has democratized, it has advocated policies encouraging cooperation with the mainland. It is the third-biggest newspaper in Taiwan, ranking after the ''Liberty Times'' and the ''Apple Daily''. The evening edition of the paper, the ''United Evening News'', was first published on February 22, 1968. The evening paper shut down after publishing its final issue on June 1, 2020. Contents UDN w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
