History
- In January 2008, the Bank of Taiwan became part of the Taiwan Financial Holdings Co., Ltd.(臺灣金融控股公司), which was resulted in the merger of the Bank of Taiwan (台灣銀行), Land Bank of Taiwan (台灣土地銀行), The Export-Import Bank of China (中國輸出入銀行), BankTaiwan Securities and BankTaiwan Life Insurance. This is now Taiwan's largest financial institution. The merger was filed report in accordance with the Fair Trade Law.
- On June 28, 2008, the Government of Taiwan approved a draft law which allowed Taiwan Financial Holdings to acquire other financial companies. The Government also approved the withdrawal of Export-Import Bank of China from the holding company.
- On July 21, 2008, the Government of Taiwan planned of a future release of 20% stake in the state-owned Taiwan Financial Holdings to foreign strategic partners and allowed them to join the company's board of directors. This will be effective once the ratification of the draft Statute for Taiwan Financial Holdings has been complete, scheduled on September 2008.
Read more about this topic: Taiwan Financial Holdings Group
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“Most events recorded in history are more remarkable than important, like eclipses of the sun and moon, by which all are attracted, but whose effects no one takes the trouble to calculate.”
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