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Financial holding firms report a spike in combined income

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China Development to skip dividend - Taipei Times

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FSC fines China Development NT$20 million

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Lower investment gains hit CDF's net profit in Q1

China Development Financial Holding Corp’s (CDF, 中華開發金控) net profit in the first quarter edged downward from a year earlier because of lower investment gains and decreased earnings contributions from its investment and securities arms, the company told an investors’ conference yesterday.
The firm’s investment arm, CDIB Capital Group (中華開發資本), posted a net loss of NT$570 million (US$19.47 million) in the first quarter, compared with net profit of NT$1.62 billion a year earlier, because of investment declines.
Its securities arm, KGI Securities Ltd (凱基證券), posted net income of NT$1.37 billion, down 58 percent from a year earlier, as its trading business and bond ....

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China Development to take over China Life Insurance

China Development Financial Holding Corp (中華開發金控) is to complete the takeover of China Life Insurance Co (中國人壽) today, making the 59-year-old life insurance company its fully owned subsidiary, the company said yesterday.
China Life, which has been on the Taiwan Stock Exchange since 1995, will no longer trade its shares on the main board from today.
Established in 1963, the life insurer is one of the oldest insurers in Taiwan, while China Development Financial was established in 2001.
The life insurance company would keep its corporate name and logo, and the rights of its clients would not be affected by the takeover, it ....

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