Cathay Financial to target Chinese diaspora
(Taiwan) - Having successfully acquired United World Chinese Commercial Bank (UWCCB), Taiwan's Cathay Financial Holding says it will target Chinese communities throughout the world as it looks to expand its business.
Cathay has dominated the life and non-life insurance markets in Taiwan for many years, and now owns two major banks - UWCCB and Cathay United Bank.
After completing the US$3.4 billion takeover of UWCCB, Cathay now says its first target is the mainland Chinese market, followed by other overseas Chinese communities.
After completing the US$3.4 billion takeover of UWCCB, Cathay now says its first target is the mainland Chinese market, followed by other overseas Chinese communities.
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