Fubon Financial targets local bank status in China
Bank president Victor Kung talks to asiamoney.com about warming cross-strait ties and his ambitious expansion plans in mainland China. He is eager to capitalise on Fubon’s stake in Xiamen Commercial Bank, with Beijing slated to turn Fujian province into a special economic zone. But he plays down speculation that he is lining up Chinese equity investors to buy into Fubon, although he won’t rule it out.
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