We can't possibly put all of our eggs in one basket. Some fault the Taiwan bank for being too conservative. But Christine Wu, a banking analyst with Yuanta Securities in Taipei, says Chinatrust does not have the expertise for a big Asian push. She praises its decision to focus instead on the Internet and China. Chinatrust has also invested heavily in securities trading.
China is the bank's holy grail.
We believe we have the ability to manage in this market. There is no language barrier and simplified Chinese characters are easy to learn. Chinatrust hopes to open representative offices and, later, branches in Shanghai and Guangzhou. Its executives will join a group of bankers scheduled to visit the mainland this month. The most important thing is our government's attitude.