Reported 12 months ago
Cathay Financial Holding Co., one of Taiwan's major financial groups, expressed confidence in the cross-strait relationship with China, stating that recent tensions are unlikely to significantly impact the relationship. The company's president, Lee Chang-ken, also defended the sustainability of the local tech stocks' surge driven by artificial intelligence demand, emphasizing that the high valuations are justified by the companies' value and profit generation. Additionally, Cathay Financial is working towards becoming a net zero emission company by 2050, with substantial investments in renewable energy projects.
Source: YAHOO