Ministry of Finance Denies Intervening in Hua Nan Financial Board Election, Stresses Harmony of Public-Private Co-governance

吳吳孟哲 國際財經記者2026-10-30 20:57

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Deputy Finance Minister Ruan Qinghua on the 30th denied rumors that public shareholders plan to seize a majority of seats in the Hua Nan Financial board election, stressing years of harmonious public-private co-governance, Hua Nan Financial's share price ranking second among public financial stocks, strong results from its consumer finance push, that public and private views can be communicated, and that he could not comment on any change in board seats.

Rumored Public Bid to Break Co-governance Dismissed as Groundless by Finance Ministry

Amid market rumors that in the process of advancing the public investment trust four-in-one consolidation case, Hua Nan Financial has been the least cooperative, mainly because private major shareholders intend to take charge of operations, and that public shareholders therefore plan to seek an absolute majority of seats in the next board election, breaking the long-standing public-private co-governance structure. Deputy Minister of Finance Ruan Qinghua responded in an interview on the 30th while attending the 25th anniversary celebration tea party of Taiwan JinLiancheng, saying bluntly he did not know where the rumor came from and that it was groundless, and could not answer. He said that for unconfirmed market speculation, the Ministry of Finance could hardly comment, still less explain follow-up actions based on it.

Years of Public-Private Co-governance, Officials Stress Smooth Communication

Ruan Qinghua said that public-private co-governance at Hua Nan Financial has been in place for many years and is not new, with both sides maintaining harmonious co-governance over the long term, and cooperation is still quite good at present, so public-private co-governance is largely not a problem. He stressed that public shareholders have their own ideas and private shareholders have their own ideas, and differing views are quite normal, but all can be handled through communication and coordination, and he feels the problem is not serious, with outside imagination being overly serious. Overall, public and private shareholders have cooperated for many years, fairly smoothly, and are not in confrontation as rumored.

Second-Highest Share Price Among Public Stocks, Consumer Finance Push Shows Results

On operating performance, Ruan Qinghua cited share price performance as evidence that cooperation has no major problems, noting that Hua Nan Financial's current share price is the second highest among public financial stocks, second only to Mega Financial and already surpassing First Financial, rising to 50, which is also a very strong endorsement by the market for Hua Nan Financial. He pointed out that the main reason is a change in operating structure, with Hua Nan Financial pushing hard into consumer finance business, with fee income reaching more than 100 hundred million yuan so far this year, showing very good results in consumer finance, indicating its transformation strategy is gradually bearing fruit with positive market appraisal.

No Comment on Whether to Increase Board Seats, Ministry Stays Tight-lipped

Ruan reiterated that public and private shareholders at Hua Nan Financial have cooperated for many years, and judging from share price performance, it is not as serious as imagined. As for whether public shareholders plan to increase board seats in the election to gain absolute control, he said that since it is a groundless matter, he could not answer the question, and declined to elaborate. On follow-up coordination between the public investment trust four-in-one consolidation case and Hua Nan Financial, he also stressed both sides can continue to communicate.

FAQ

Why did rumors emerge that public shareholders want to break public-private co-governance at Hua Nan Financial?

The market rumored that due to the public investment trust four-in-one consolidation case, Hua Nan Financial was the least cooperative, with private major shareholders intending to take charge, so public shareholders planned to seek an absolute majority of seats in the next election. Deputy Finance Minister Ruan Qinghua said on the 30th the claim was groundless, saying he did not know where it came from and could not answer.

How does the Ministry of Finance evaluate Hua Nan Financial's current operating performance?

Ruan cited share price as evidence, noting Hua Nan Financial's share price has risen to 50, the second highest among public stocks, second only to Mega Financial and surpassing First Financial, mainly due to success in pushing consumer finance business, with fee income reaching more than 100 hundred million yuan so far this year, showing strong market endorsement.

Do public shareholders plan to increase board seats at Hua Nan Financial?

On whether to increase board seats and break public-private co-governance, Ruan said it is a groundless matter and he could not answer. He stressed public and private shareholders have co-governed harmoniously for many years with smooth cooperation, and differing views can all be communicated, so the problem is not serious.