Reported 9 months ago
In an effort to expand its overseas presence, Wangdao Bank has set its sights on opening branches in Australia, specifically in Sydney, and in Singapore. The bank's chairman, Joanna Lo, mentioned that the Sydney office has received approval from the Financial Supervisory Commission and is expected to obtain local regulatory approval by the end of the year. Additionally, the bank is exploring the establishment of a venture capital subsidiary in Singapore, with communication with regulatory authorities ongoing. Wangdao Bank has also launched a carbon-reducing transportation card and expressed optimism for the economy in the coming months, particularly in relation to AI advancements and the establishment of major data centers in Taiwan.
Source: YAHOO