Fubon Bank (China) Co. Ltd. plans to establish a wholly owned wealth management company in China.

The new unit, which will have 1 billion yuan of capital, will support the expansion of Fubon Bank (China)'s retail banking business and enhance its services to customers in China.

Fubon Bank (China) is a unit of Fubon Financial Holding Co. Ltd.

As of March 15, US$1 was equivalent to 6.71 Chinese yuan.