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CHB announces the CBRC's approval of setting up bank subsidiary and its Nanjing branch in China.
- 1.Date of occurrence of the event:2017/09/18
- 2.Company name:Chang Hwa Commercial Bank, Ltd.
- 3.Relationship to the Company (please enter ”head office” or ”subsidiaries”):head office
- 4.Reciprocal shareholding ratios:N/A
- 5.Cause of occurrence:CBRC approved Chang Hwa Commercial Bank, Ltd. to change the KunShan Branch, Dongguan Branch, Fuzhou Branch and KunShan Hua Qiao Sub-branch into a subsidiary in China and set up the NanJing Branch in NanJing City under the said subsidiary bank.
- 6.Countermeasures:In accordance with the Regulations of the People's Republic of China on the Administration of Foreign-funded Banks and Implementation Measures of the China Banking Regulatory Commission for the Administrative Licensing Items concerning Foreign-Funded to set up the bank subsidiary and its Nanjing branch in China.
- 7.Any other matters that need to be specified:N/A
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