On June 12, 2020, the FSC held the "50th Business Liaison Meeting and recognition ceremony for the presidents of domestic banks." During the meeting, the chairman of the FSC, Tien-Mu Huang, awarded and honored financial institutions that have performed especially well in extending loans to new key innovative industries.

 

Chairman Huang shared his supervisory views and philosophy with the participating presidents of domestic banks. In addition to encouraging financial industry to achieve four important strategic objectives : be resilient, be innovative, develop sustainably and put financial inclusiveness into practice, he particularly emphasized the importance of having a corporate ethical culture, which he said is the core value of managing a bank.

 

As of the end of 2019, total loans extended to new key innovative industries by domestic banks amounted to NT$5 trillion 110.8 billion, an increase of about NT$85.651 billion from the end of 2018. Those domestic banks which had achieved good results in extending loans to new key innovative industries were awarded at this meeting. Among them, 8 banks received special awards for strong lending to individual industries, including Taiwan Cooperative Bank (for its loans to the green energy technology industry), and Bank SinoPac (for its lending to the circular economy industry and the renewable energy industry).