Line Bank (連線商業銀行), a planned Web-only bank, is to assign Morris Huang (黃以孟) as chief executive officer of its preparation office, Line Financial Taiwan Corp (台灣連線金融科技) said yesterday.
The appointment of Huang, former executive vice president of Taipei Fubon Bank (台北富邦銀行), gained unanimous support from the Internet bank’s seven stakeholders, Line Financial said in a statement.
Taipei Fubon Bank holds a 25.1 percent stake in Line Bank, making it the second-largest stakeholder.
Huang, who joined Taipei Fubon Bank in 2006, resigned from his position on Jan. 3 and would report to a committee comprised of the seven stakeholders, Line Financial said.
Huang would be Line Bank’s representative when it bids for a license this year, Line Taiwan Ltd (台灣連線) communications officer Liao Wan-ning (廖婉寧) said.
The appointment of Huang as the bank’s business representative is critical, because his personal qualifications would account for 20 percent on the Financial Supervisory Commission’s scoring of the Web-only bank.
Line Financial, which holds a majority 49.9 percent stake in Line Bank, in November last year announced that other stakeholders include three financial institutions and two telecoms.
Stephen Garrett, a 27-year-old graduate student, always thought he would study in China, but first the country’s restrictive COVID-19 policies made it nearly impossible and now he has other concerns. The cost is one deterrent, but Garrett is more worried about restrictions on academic freedom and the personal risk of being stranded in China. He is not alone. Only about 700 American students are studying at Chinese universities, down from a peak of nearly 25,000 a decade ago, while there are nearly 300,000 Chinese students at US schools. Some young Americans are discouraged from investing their time in China by what they see
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New apartments in Taiwan’s major cities are getting smaller, while old apartments are increasingly occupied by older people, many of whom live alone, government data showed. The phenomenon has to do with sharpening unaffordable property prices and an aging population, property brokers said. Apartments with one bedroom that are two years old or older have gained a noticeable presence in the nation’s six special municipalities as well as Hsinchu county and city in the past five years, Evertrust Rehouse Co (永慶房產集團) found, citing data from the government’s real-price transaction platform. In Taipei, apartments with one bedroom accounted for 19 percent of deals last
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