Fubon Financial looking to increase exposure to China
Fubon Financial Holding Co., Taiwan's second-largest listed financial holding company by assets, is looking to increase its exposure to China as an affiliated mainland bank aims to open more branches and its Hong Kong unit is hoping to upgrade its China representative office into a branch.
China has become increasingly reliant on investment spending to deliver GDP growth, which reflects the way in which the exceptionally large credit stimulus was implemented after the Lehman crisis, financial services firm Citi's Emerging Markets Macro and Strategy Outlook has said.