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Taiwan shares rebound as fears over U S rate hike eased

Taiwan shares rebound as fears over U S rate hike eased
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E Sun Financial posts net fee income of NT$5 27bn

E.Sun Financial posts net fee income of NT$5.27bn PROFITABLE UNIT: E.Sun Securities’ net fee income contributed to 16.3% of its parent company’s total in the first quarter, and rose 52.5% year-on-year By Kao Shih-ching / Staff reporter E.Sun Financial Holding Co (玉山金控) on Monday reported net fee income of NT$5.27 billion (US$189.1 million) for the first quarter of this year, the highest quarterly figure in its history, thanks to contributions from E.Sun Securities Co (玉山證券) as more investors participated on the local stock market. E.Sun Securities’ net fee income increased 52.5 percent year-on-year to NT$840 million in the first quarter, accounting for 16.3 percent of the holding company’s net fee income, E.Sun Financial said in a statement.

Only seven firms meet exchange s top standards

Only seven financial firms this year ranked among the top 5 percent in the Taiwan Stock Exchange’s corporate governance evaluation, down from 11 a year earlier, as some were cut due to lax internal controls or improper operations, the exchange said on Thursday. Out of 45 companies, only state-run Mega Financial Holding Co (兆豐金控), SinoPac Financial Holdings Co (永豐金控), CTBC Financial Holding Co (中信金控), First Financial Holding Co (第一金控), King’s Town Bank (京城銀行), O-Bank Co (王道商業銀行) and China Life Insurance Co (中國人壽) were among the top 5 percent, the exchange said. CTBC Financial, O-Bank and China Life Insurance were new entries this

E Sun Financial commits to Business Ambition for 1 5°C

E.Sun Financial Holding Co (玉山金控) has signed the “Business Ambition for 1.5°C” pledge for this year, and has set intermediate targets approved by the Science Based Targets initiative, it said on Friday last week. E.Sun said in a statement that it is the first financial institution in Asia to adopt the 1.5°C climate target, an initiative in line with international standards. The company has set mid and long-term goals, it said, adding that it is announcing before Earth Day that all of its local buildings are to be converted into green buildings by 2027. Its domestic locations are set to use 100 percent

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