Company Profiles     

At a Cabinet meeting on 15th August 2007, Taiwan's premier issued instructions to begin preparations for establishment of Taiwan Financial Holding Co. Ltd. (TFH), and on 1st January 2008 TFH was established (in accordance with the provisions of the Financial Holding Company Act, the Company Act, and other applicable laws and regulations) as Taiwan's first state-run financial holding company by the Bank of Taiwan in a share swap. On the following day (2nd January), the Bank of Taiwan spun off its securities and life insurance businesses to create group subsidiaries BankTaiwan Securities and BankTaiwan Life Insurance, thus bringing into existence Taiwan's first wholly government-owned financial holding company, with three wholly owned subsidiaries.

The "Act of the Taiwan Financial Holding Company" (promulgated by the president on 26th November 2008, and entered into force retroactively from 1st January 2008) provided a complete set of statutory procedures for the company's establishment, and empowered TFH to take over other financial institutions through M&A deals in accordance with the provisions of the " Act of the Taiwan Financial Holding Company ".