Partnership for Success Contents
Total Page：16
File Type：pdf, Size：1020Kb
Partnership for Success Contents 1 Words from Management 2 About Us 3 Our Expertise 4 Our Performance 5 Social Responsibility Words from Management the commercial banking unit yielded lower net prot due to intensifying pricing competition among peers on lending margins, and due to pressure to adjust credit mix catering to China’s structural economic slowdown. In an overall unfavorable business environment, the Company delivered consolidated net prot of NT. billion (non-controlling interests of NT million included) in , for EPS of NT., and consolidated return on equity (ROE) of .%. Below is an outline of highlights and strategies for the Company’s core business units. KGI Bank (Commercial Banking) In response to the nancial world’s changing landscape and to leverage resources within the Company, KGI Bank established the Retail Banking Group that specializes in providing clients with a customized experience. KGI Bank’s nancial services include the following: () Corporate banking – KGI Bank delivers each customer a “total solution”, ensuring each client’s needs are itemized and assigned to the appropriate people that specialize in appropriate solutions. This segment continues to enhance cash management and trade nance businesses, along with trading products, strengthening relations with key corporate customers to take command of the structured nance business. It continues to adjust revenue and clientele mix, while developing wealth management business with corporate clients and individual business owners to leverage cross-selling synergy and expedite the diversication of asset allocation. () Global markets – With a focus on prudent risk control and hedging strategies, KGI Bank strives to optimize asset allocation and deliver consistent Chairman Chia-Juch Chang returns by scaling its medium- to long-term positions in domestic and foreign bonds and securities. It maintains close relations with multiple channels to access corporate clients, entrepreneurs, and professional investors to market nancial products and oer wealth and asset management services. () Consumer banking – KGI Bank oers a wide spectrum of mortgage and loan solutions In , the world economy began a slow recovery, with markets consolidating in an eort to to suit every individual and premium corporate customers’ special nancing needs. It also stabilize. Among major economies, the US realized decent gains, achieving solid growth in the job completely revamped its credit card product line to boost per-card spending. KGI Bank continues and housing markets and steadily increased private spending, which provided a foundation for to blend digital technologies into services as it rigorously pursues retailers to grow its merchant the Federal Reserve’s roadmap for interest rate hikes. With a more relaxed policy environment, the acquiring service network and provides attractive oers as incentives to boost transactions among Eurozone was resilient amid post-Brexit political and market turmoil. China continued rolling out young generation users. () Wealth management – This segment primarily cultivates in-depth stimulus programs in an eort to expedite industry transformation and economic structural reform. relationships with target clientele, which it engages via a nationwide network of branches. The In , Taiwan’s GDP growth advanced to .% amid a global recovery. According to Taiwan division aims to expand its customer base through the transfer of stock settlements accounts, Securities Association, aggregate TWSE and TPEx daily turnover averaged NT. billion in , courtesy of KGI Securities, and the development of employee payroll accounts. KGI Bank aims to representing a .% decrease over . The Taiex opened at , last year and closed at ,, enrich its product range and leverage expertise from the research department to oer analysis of representing a yearly gain of .%. global nancial market trends and forecasts to help clients eectively manage asset allocation. () Digital banking – This segment optimizes KGI Bank’s digital channels, upgrading its transfer, CDF continues to focus on its three core businesses, including commercial banking (KGI Bank), forex and other online transaction services, as well as its mobile banking platform. In addition, the securities (KGI Securities) and private equity/venture capital investment (CDIB Capital Group) division aims to create an online ecosystem built around FinTech services, and is supported by a with the most completed lineup of nancial services and products. However, due to ongoing good variety of transaction protocol standards, covering cash management, electronic payment, international political and economic upheaval and market uncertainty, nancial markets experienced billing and merchant acquiring services. Furthermore, the division is also committed to an internal varying levels of volatility in , which created a challenging environment for trade across payment platform infrastructure plan to expedite KGI Bank’s rollout of electronic wallet and markets. Under these circumstances, shrinking turnover in a FINI-dominated Taiex dampened local e-commerce ecosystem apps Love Pay and Living Circle, designed to provide mobile users with a brokerage performance and hindered asset monetization plans of principal investment. Meanwhile, secure and convenient transaction experience. China Development Financial ─ Words from Management China Development Financial ─ Words from Management . KGI Securities (Brokerage) In , the new US administration’s trade policy has increased global uncertainties, though its pro- growth sentiment is deemed a catalyst of domestic hiring, spending and capex, which would be a With retail investors increasingly stranded on the sidelines and FINI growing in dominance over major boost to global supply chain growth. We project Taiwan’s economic growth rate to advance to the last few years, the liquidity structure of the Taiex has fundamentally changed. In a challenging % in , buoyed by foreign demand and stimulus packages. Some key risks to monitor include marketplace characterized by sluggish daily trading and declining margin loan balance, KGI the rate of slowdown in China and a shift to protectionism by the US. In response to the challenges Securities has managed to maintain its leading position and competitive edge across the board. thrown up by a changing market landscape, KGI Bank will strengthen its IT infrastructure to tap At the bond underwriting and investment banking divisions, KGI Securities has delivered solid into FinTech opportunities. It is seeking to expand its customer base through perfection of its growth while demonstrating outstanding professionalism in pre-listing advisory and topping peers product scope. Leveraging an e-commerce platform, it is committed to scaling up operations with in all business rankings. It has also gained a foothold in the TPEx trading board of international a niche Asia-Pacic commercial-banking business model. KGI Securities, meanwhile, will focus on bonds in the global marketplace, and improved its reputation as a professional underwriter for US implementing cost control mechanisms as it fully transforms into a wealth management-oriented dollar-denominated European bond issuance. Amid intensifying competition, KGI Securities also business, pursuing overseas prot growth. By optimizing resource eciencies, KGI Securities will managed to secure the second largest market share as underwriter of foreign bonds issued on strive to become the most competitive investment bank in Taiwan. Formerly known as CDIB, the the international bonds board last year, while remaining active in wealth management, providing venture capital entity has transformed its business under guidelines of CDF’s strategic roadmap customers with more competitive nancial services through identication of investment needs, risk and national policy, and reincorporated as CDIB Capital Group on March , , realigning its proling and a diversied product mix. With regard to KGI Securities’ overseas deployment, the core business with capital sourcing and management of private equity (PE) and venture capital (VC) Singapore subsidiaries have delivered steady business growth, with the futures unit continuing to funds. It aspires to become a distinguished PE/VC manager within the Asia-Pacic by leveraging the gain new clients and the brokerage house greatly enhancing average margin loan balance. In July team eorts of the group’s talents. of , KGI Securities and Hong Kong subsidiary KGI Asia Limited signed an MOU with Korea’s Samsung Securities to further expand their brokerage footprints on the international stage. Going All told, in today’s rapidly changing marketplace, the Group’s overriding goal is keeping core forward, KGI Asia Limited will serve as the integral platform committed to advancing overseas operations on a solid footing. Our employees will continue to provide customers with highly strategies and expediting link-ups between the Greater China and ASEAN regions and interactions professional, dierentiated services with dedication and passion. And together, we will move among the Hong Kong, Singapore, Thailand and Indonesia markets. steadily toward our shared vision of becoming the most distinguished nancial group in the Greater China region. CDIB Capital Group (Private Equity / Venture Capital Investment) Despite overall gains across local and foreign stock markets, performances among sectors were a mixed bag in due to volatility. A number of postponed IPOs also undermined portfolio Best regards returns and