Hsu Sheng-fa (; 24 January 1925 – 17 April 2021) was a Taiwanese businessman and politician. He served on the

Legislative Yuan The Legislative Yuan is the unicameral legislature of the Republic of China (Taiwan) located in Taipei. The Legislative Yuan is composed of 113 members, who are directly elected for 4-year terms by people of the Taiwan Area through a parallel v ...

as a member of the

Kuomintang The Kuomintang (KMT), also referred to as the Guomindang (GMD), the Nationalist Party of China (NPC) or the Chinese Nationalist Party (CNP), is a major political party in the Republic of China, initially on the Chinese mainland and in Tai ...

from 1981 to 1990. Hsu was born in 1925 in Japanese Taiwan. He founded

Prince Motors The Prince Motor Company (Japanese: ) was an automobile marque from Japan which eventually merged into Nissan in 1966. It began as the Tachikawa Aircraft Company, a manufacturer of various airplanes for the Japanese Army in World War II, e.g ...

in 1965. The company became a Taiwan-based sales agent of

Suzuki Motors is a Japanese multinational corporation headquartered in Minami-ku, Hamamatsu, Japan. Suzuki manufactures automobiles, motorcycles, all-terrain vehicles (ATVs), outboard marine engines, wheelchairs and a variety of other small internal com ...

. 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 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 Ba ...

, 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

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 worked for Lien Chan's 2000 presidential campaign, and served on the Straits Exchange Foundation. Hsu has three children. His only son Hsu Sen-rong was vice chairman of Cosmos Bank. His daughters are Hsu Juan-juan and Hsu Hsien-hsien, who married

Eugene Wu Eugene Wu (; born 1945) is a Taiwanese business executive. He led the Shin Kong Group and several affiliated subsidiaries. Early life Eugene Wu was born one of six children to and Wu Kuei-lan, and is the eldest of his brothers, which include Er ...

. He died on 17 April 2021, aged 96. at the in

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 n ...

References

{{DEFAULTSORT:Hsu, Sheng-fa 1925 births 2021 deaths Members of the 1st Legislative Yuan in Taiwan Kuomintang Members of the Legislative Yuan in Taiwan Party List Members of the Legislative Yuan Taiwanese company founders 20th-century Taiwanese businesspeople 21st-century Taiwanese businesspeople Taiwanese bankers Automotive businesspeople