In a bid to recruit high-quality employees, Hua Nan Financial Holdings Co (華南金控) brought together all seven of its subsidiaries to hold its first united recruitment exam yesterday.
The joint exam attracted 6,020 applicants and the pass rate was nearly 7 percent.
Facing the US subprime mortgage crisis that has shaken the global financial market and the policies pledged by the incoming administration to intensify economic ties across the Taiwan Strait, Hua Nan Financial chairman Lin Ming-cheng (林明成) said the company is targeting applicants who could become the backbone of the financial group, which is among the top 10 of the country’s financial holding companies.
PHOTO: CNA
“We have set high thresholds for the application qualifications, implementing a recruiting strategy that will help us find the best people to cope with the challenges in the financial world,” Lin said, citing as an example a potential relaxation of regulations governing cross-strait banking investment, which is one of president-elect Ma Ying-jeou’s (馬英九) campaign pledges.
The expanded exam screens applicants for 420 job vacancies within three major categories — banking agents, counter staff and middle management.
With the demand for higher quality from the recruitment drive, Lin said that the subjects for the written exam for middle management include financial management, international business and economics, along with an oral exam requiring fluent English listening and speaking.
Lin also said that the company plans to send some of its new recruits overseas for further training, saying that the international financial crisis has led to the need for globally trained bankers.
Unlike the past Hua Nan Financial recruitment exams, which were held individually by the subsidiaries, including Hua Nan Commercial Bank (華南銀行) and Hua Nan Securities Co (華南證券), the group integrated its resources this year and unified test standards to increase transparency and fairness, Lin said.
“We made a groundbreaking change in the test structure to lure the most professional employees in the financial business,” Lin said, adding that this new measure will be continued in future recruitment drives.
Touching on China’s financial market, Lin said the company hoped to be among the first to make inroads into the market of 1.3 billion Chinese, but said that this plan would not be implemented until Taiwan and China seal an agreement on financial regulations.
“We are waiting for the government to negotiate with China to allow local banks to upgrade their offices in China,” Lin said.
Hua Nan Financial president David Lee (李正義) said that the US credit crunch had only a “slight impact” on the bank as the company has taken hedge positions to minimize the impact.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
RSS