Fubon Bank’s Hong Kong subsidiary opens first mainland China branch in Shenzhen
Fubon Bank (Hong Kong) has opened its first branch outside its home market, moving into mainland China to tap surging cross-border business opportunities as competition among foreign lenders in the Greater Bay Area intensifies. The branch, located in Shenzhen’s Qianhai financial zone, would initially focus on corporate banking, offering tailored cross-border financing to technology firms and…
Fubon Bank's Hong Kong branch has ventured into mainland China for the first time, establishing a presence in Shenzhen's Qianhai financial zone. The new branch will primarily concentrate on corporate banking, providing specialized cross-border financing to tech firms and businesses aiming to expand globally, as per an announcement on Tuesday.
This strategic move is a response to the growing demand for cross-border financial services and the intensifying competition among foreign lenders in the Greater Bay Area. The Greater Bay Area, a region touted for its prosperity and dynamism, includes Beijing's initiative to unite Hong Kong, Macau, and nine Guangdong cities into a unified economic zone.
Tsai Ming-chung, chairman of Fubon Bank (Hong Kong), emphasized that the Greater Bay Area is a key player in China's economic landscape, characterized by influential industries and rapidly expanding enterprises. The bank's chairman believes that the establishment of their Shenzhen branch is a timely and strategic decision, as industrial upgrading and corporate aspirations for overseas expansion continue to surge.
Fubon Bank is a wholly-owned subsidiary of Taipei-based Fubon Financial Holding, one of Taiwan's leading financial conglomerates. The Shenzhen expansion follows a robust fiscal second half for the bank. Net profit increased 24% year-over-year to HK$887 million (US$113 million) in the first six months of 2026, driven by a 16% rise in net interest income.
Total assets grew by 8% to HK$206 billion, primarily due to an 11% increase in customer loans, reaching HK$95.6 billion, and a 7% rise in customer deposits to HK$174.6 billion. Looking forward, Fubon Bank outlined its strategic vision, aiming to develop a dual-track approach to strengthen its Hong Kong base while positioning the Shenzhen branch as a core hub.
The ultimate objective is to create a comprehensive cross-border finance platform that bridges the mainland, Taiwan, and Hong Kong.
Written by urgent.news from SCMP Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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