Today, China Development Financial Holding Corporation (CDF) held its Q2 2021 Investor Conference. Self-assessed after-tax profit for the first half of this year totaled approximately NT$16.96 billion, showing strong growth in earnings by subsidiaries. China Life contributed NT$7.6 billion to this year's first-half profit, up by 246% YOY. KGI Securities contributed NT$5.6 billion to this year's first-half profit, up by 230% YOY. CDIB Capital Group contributed NT$2.7 billion to this year's first-half profit compared to a loss the prior year; and KGI Bank contributed NT$2.2 billion to this year's first-half profit, up by 29% YOY.
Steve Bertamini, President and Chief Executive Officer of CDF stated, “our ABCDE Strategy which consists of: Accelerate Digital, Become Employer of Choice, Customer Focus, Drive Growth, and Execution Excellence is off to a very good start. All subsidiaries have developed their strategies around our ABCDE Strategy and have clear prioritization and KPI’s”.
China Life continues to drive digital innovation with the recent launch of facial recognition to improve customer experience. KGI Bank is focused on enhancing profitability and efficiency as it continues to grow its wealth management business and its net interest income year-on-year. The CDIB-Kunshan Taiwanese Fund and CDIB-Innolux Fund, being launched during of this year, are part of the CDIB Capital strategy to raise new capital and expand its asset management business. KGI Securities, who focused on delivering great customer experience while expanding AUMs, saw an overseas profit increase of 96% YOY while growing its brokerage market share in Taiwan.
In an effort to continuously be market leaders in Taiwan, CDF and its subsidiaries will improve its digital offering by being the first in the industry to partner with Microsoft. CDF is also the first in the industry to announce zero carbon emission by 2045 as part of its strategy to maintain a strong leadership position in ESG.
