Formerly known as Taiwan Industrial Bank, Wang Dao Bank was born in 1999, although it has only 23 years of history, it is active in the cross-strait financial network and has achieved cross-generational inheritance.
Luo Yijun, chairman of Wang Dao Bank, known as "Princess Wang Dao", is a strong woman in the financial circle. In the past, in order to avoid the second elder from worrying about the future without company, she went to the United States for artificial conception, fulfilling her mother's dream, and also left a good story in the business world.
Fulfilled his mother's dream, and the single "royal princess" was artificially conceived
Luo Yijun, chairman of Wang Dao Bank
This summer of 2022, which has just passed, can be described as a "double happiness" for Luo Yijun, the young chairman of Wang Dao Bank: first, after completing the two years of generational change, she has gradually entered a better situation and succeeded successfully; 2. Elected vice chairman of the Association for the Advancement of Industry and Commerce.
In October this year, Fuwei Power, a subsidiary of Senwei Energy, signed a joint loan agreement for a 50MW large-scale energy storage project with a total amount of NT$1.75 billion with the first native digital bank in Taiwan, Wang Dao Bank, as well as China Securities Company and Antai Bank. This is not only the largest single 50MW energy storage project financing case on the island, but also the first green energy storage joint loan case co-sponsored by Wang Dao Bank.
In September this year, Wang Dao Bank launched the "Consumption Carbon Emission Breakdown" function to advocate green consumption and protect the earth. As long as you hold a Kingway Bank Mastercard, you can open this momentum from online banking or APP for free, and you can see the carbon emissions of each card purchase. This is also one of Luo Yijun's achievements in supporting green finance in the past two years.
Also on June 21 this year, Luo Yijun was elected as the vice chairman of the Association for the Advancement of Industry and Commerce. The Association for the Advancement of Industry and Commerce is one of the most important Taiwanese business teams, with members including large enterprises such as TSMC, the new chairman is Wu Dongliang, chairman of Taixinjin, and Luo Yijun has also become the first female vice chairman of the association.
Luo Yijun, chairman of Wang Dao Bank
Wang Dao Bank is a dynamic small and medium-sized bank in Taiwan, and actively expands cross-strait financial business. Wang Dao Bank, formerly known as Taiwan Industrial Bank, was established in July 1999.
In 2006, Taiwan Industrial Bank acquired CEFC Commercial Bank of the United States, and in 2007, it invested in China Securities Finance Company and became its largest shareholder. In April 2011, it invested in the establishment of Taiwan ICBC Leasing Company; In June of the same year, Taijun International Leasing Company was established in Suzhou, Jiangsu Province.
In October 2013, the group established Taijunjin International Leasing Company in Tianjin, which was later merged into Taijun International Leasing in 2019. In 2017, Taiwan Industrial Bank officially changed its name to Wang Dao Commercial Bank, and at the same time, Taiwan Industrial Bank Group was also changed to Wang Dao Bank Group.
In order to pursue sustainable management and fulfill social responsibility, they established the "Wangdao Bank Education Foundation" in 2000. At present, under Wang Dao Bank, in addition to the listed company Wang Dao Bank, the group enterprises include China Securities Finance Company, CEFC Commercial Bank, Taiwan Industrial and Bank Leasing Company, and Taiwan Jun International Leasing Company.
Luo Yijun with his father and founder of Wang Dao Bank, Luo Jinming
Wang Dao Bank was formerly known as Taiwan Industrial Bank and was founded by Luo Yijun's father Luo Jinming.
On June 19, 2020, King Road Bank held a regular shareholders' meeting to complete the eighth board re-election, and Luo Yijun, the eldest daughter of founder Luo Jinming, was elected as the chairman of King Road Bank.
Luo Jinming has three daughters, the eldest daughter Luo Yijun graduated from the Department of Business Administration of Boston University in the United States and obtained a master's degree in business administration from the Massachusetts Institute of Technology. In addition to serving as the chairman of Wang Dao Bank, she is also the vice chairman of CEFC Bank, which was acquired by her father Luo Jinming. Previously, Luo Yijun was the vice chairman of Wang Dao Bank, and after returning from studying abroad, she followed her father as the managing director and group strategy chief of Taiwan Industrial Bank, and she was also the first president of Wang Dao Bank Hong Kong branch.
Interestingly, Luo Yijun was appointed as the chairman of Wang Dao Bank, and on the same day, Wu Dongjin, chairman of Shin Kong Financial Holdings, also completed the handover, and also let his daughter take over, followed by the daughter Wu Xinru became the vice chairman and general manager of Shin Kong Financial Holdings.
Luo Jinming and Wu Dongjin are world friends, however, Wu Dongjin will rise up the idea of "inheritance" because he saw the decision of his old friend Luo Jinming to hand over the baton to his daughter. Wang Dao Bank is the first native digital bank in Taiwan, and it is said that Luo Jinming followed the advice of Luo Yijun, the daughter of the vice chairman, at that time and pursued digital finance.
Luo Jinming has three daughters, and he also treats his eldest daughter, Luo Yijun, as a "boy", and when he was a child, Luo Yijun's Kuishan Primary School was a school with far more male students than female students. In Luo Jinming's view, girls can only compete with boys in that environment, "otherwise they can't survive." Luo Yijun is the most afraid of cold in the family, but in order to study at MIT Sloan School of Business, she can only overcome her fear and go to Boston in the cold.
In the past, he ran out of business, socialized with customers, and every time he drank, Luo Yijun was always "who said that women are inferior to men".
Luo Yijun at the time of artificial insemination
Luo Jinming, the founder of Wang Dao Bank, has three daughters, and his wife has a very good relationship with their daughters. Both sisters have their own families, and the youngest sister has also given birth to 2 children, but Luo Yijun, as the eldest daughter, has always been single. By the way, Luo Jinming's other daughter, Luo Yiqian, is currently also a director of Wang Dao Bank.
In the past, Luo Yijun was the most effective right and left hand on her father's side, and the group's overseas business was mostly taken care of by her, perhaps too deeply involved in the family business, she chose to be single, and also gave people the image of a strong woman in the financial circle.
Luo Yijun, who likes children very much, decided to complete her dream of becoming a mother by herself in order to avoid her parents and elders worrying about her single future and no one to accompany her. In 2015, the then 44-year-old Luo Yijun went to the United States to undergo artificial conception, and in May 2016, he was happy to have a daughter, making his father Luo Jinming a "grandfather" again.
Luo Yijun is very filial to her parents, and she and her father have a certain love for art. Usually, as long as you see it, you buy it, and never care whether the price will rise in the future. Interestingly, in the collection of paintings, father and daughter have "opposite interests". Luo Jinming likes Western painting, and he feels that the authenticity of Chinese paintings is difficult to identify. Once, he wanted to sell a painting by Wen Zhengming in his collection, but no one in the family approved of it, not even his wife. It is said that in addition to the inscription of the Qianlong Emperor, Wen Zhengming's painting also has 9 chapters stamped by him.
In 2014, Luo Yijun, the new vice chairman of Taiwan Industrial Bank
Luo Jinming loves Western painting, and his daughter Luo Yijun likes Chinese style.
For a while, she liked bamboo and was arty and elegant, calling her residence "Hongzhu Caotang". "Bamboo solution humility is my teacher", in Luo Yijun's view, like bamboo, but also remind himself to be open-minded, from a lot of "good knowledge" for advice.
She particularly admired Zheng Banqiao's painting of bamboo, she said: The ancient literary festival is represented by bamboo, and when the wind and rain hit, the bamboo has enough toughness to withstand it. She prefers the painting method of Chinese painting to painting, Luo Yijun said, painting may be easy to imitate, but even if the painting method is imitation, if the momentum is there, it is still a very comfortable work of art.
Let's tell an interesting story! Mr. Hsiao Wanchang, a well-known figure in Taiwan's political circles, is also the honorary chairman of the Taiwan Cross-Strait Common Market Foundation and the chairman of the Taiwan side of the Cross-Strait Entrepreneurs Summit; When he went to Hainan to attend the Boao Forum in 2010, someone found that his daughter Xiao Zhiyou also appeared at the Boao Forum, and attacked "Smiling Old Xiao" as a violation of interests.
Xiao Wanchang later responded that her daughter was an adult and also had to work, and she was only "eating people's heads" and "carrying a leather bag" for her boss Luo Yijun, before going to Boao to learn and practice, and there was no official avoidance clause. It turned out that Xiao Zhiyou was the special assistant to Luo Yijun, the general manager of Taiwan's ICBC Science and Technology Consulting (shares) Company, who was 39 years old at the time, and as a confidential secretary, Xiao Zhiyou only went to Boao purely for work needs.
At the 2011 World Economic Forum in Davos, Luo Yijun was selected as a Young Global Leader, and she also won the "2013 Eisenhower Award" and other awards.
Luo Jinming, who has been in the financial circle for more than half a century
Luo Jinming, founder of Wang Dao Bank
Although he handed over the baton of Wang Dao Bank to his eldest daughter Luo Yijun and completed the second-generation succession, the founder Luo Jinming is still serving as the chairman of CEFC Bank of the United States, which he acquired, and he is also the chairman of the Wang Dao Bank Education Foundation.
Born in 1942, Luo Jinming belongs to horses, and he usually likes to collect horse-related art. He graduated from National Taiwan University with a degree in economics and later attended an MBA from Alabama State University. When he founded Wang Dao Bank in 1999, he always wanted to have a "river-lake status" in the financial circle, and because of this, he and his daughter Luo Yijun worked hard in digital finance, "born out of nowhere, is the virtual world"!
Luo Jinming has been in the financial circle for half a century, and before founding Wang Dao Bank, he also had a certain status in the rivers and lakes. His work resume is very simple, after graduating from NTU, he only stayed in one work unit before he started his business, that is, "China Trust".
Luo Jinming's father, Luo Shuiyuan (1908-1976), was born in Taipei City, a former journalist, banker and prominent politician in Taipei. When his mother Pan Qinqin died in 2002, she was 93 years old, although she rarely appeared in the media, Pan Qinqin, who had a good life, was born into the Wang family, and her life was full of legends.
Photo of Koo Chen-fu (left) in his early years
Luo Jinming's entry into the "China Trust" was personally recommended by Mr. Koo Zhenfu.
That year, when Luo Jinming was about to graduate from studying in the United States, his father Luo Shuiyuan approached Koo Zhenfu, who was the chairman of Taiwan Cement Corporation at the time, and asked him to write a letter of recommendation for his son to work in the United States. Luo Shuiyuan and Gu Zhenfu have been friends with each other for many years, and even now, the relationship between the previous generations is still there, and the representative sent by Taiwan Muddy is still the managing director of Wang Dao Bank.
To Luo Shuiyuan's surprise, as soon as Gu Zhenfu heard his intentions, he blurted out: "Hey, we also lack MBA here!" However, he still wrote a letter of recommendation, but asked Luo Jinming to intern at Bankers Trust in the United States, and let him go to various departments to train before officially working at the predecessor of "China Trust", "China Securities Investment Credit Company".
From salesman to general manager, Luo Jinming stayed at "China Trust" for 30 years. In addition to the preparation of the establishment of the financial holding company, he participated in almost all the growth process of "China Trust".
Luo Jinming had many innovations in the founding era of "China Trust", he was the first salesman of "China Trust", the first person to lead salesmen to work "underground" (Note: he was working in the basement at that time), he was also the first supervisor to "graffiti" on the company's assets, and he was the first supervisor to introduce female foreign agents.
Taiwanese at that time rarely came into contact with the word "trust", and in order to let customers understand the trust business they introduced, he personally compiled the "trust" booklet and gathered the first batch of salesmen to edit 100 business methods.
Luo Jinming (middle) and daughter Luo Yijun (right)
After 30 years of "China Trust", Luo Jinming, who is more than half a hundred years old, decided to start his own business.
At that time, almost everyone thought that with his status in the financial circle, he must have created a commercial bank. To everyone's surprise, in 1999, Luo Jinming chose a relatively difficult road to industrial banking, and the ICBC he founded (later renamed "Wang Dao Bank") was the first industrial bank in Taiwan to be established by combining the power of private enterprises.
In the later transformation of the bank, Luo Jinming and his daughter Luo Yijun once again amazed the financial circle, creating Taiwan's first native digital bank, and he believed that digital finance was a trend.
"Out of nowhere, it's the virtual world." At the beginning of 2017, Industrial Bank of Taiwan was officially restructured into Wang Dao Commercial Bank, stepping into the financial field to provide consumers with a new experience with convenient, safe and considerate digital financial services.
What makes peers feel surprised is that the working scene and physical space of Wang Dao Bank are the brainchild of Luo Jinming and the innovation of Taiwan's financial circles. The bank does not have a counter, and the office is located in the art exhibition center.
ICBC Leasing Co., Ltd., a subsidiary of Wang Dao Bank Group, was founded in 2011 and decided in July this year to merge with Risheng International Leasing, which has been established for more than 40 years, which focuses on car rentals and other businesses. After the completion of the merger on December 1 this year, it will become the fourth largest company in Taiwan's leasing industry by asset scale. As for its subsidiary, Taijun International Leasing, it has operating locations in Suzhou, Dongguan, Nanjing, Zhongshan and Foshan, with a cumulative profit of NT$1.1 billion in the past three years, making it the leader of Taiwanese enterprise leasing.
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