Highly strategically important entity to the Taiwan-based Fubon FHC group. The stable outlook reflects our expectation that Fubon Bank (China) Co. Ltd. will remain highly strategic to Taiwan-based Fubon Financial Holding Co. Ltd. (Fubon FHC: BBB+/Stable/A-2; cnA+/cnA-1). It also reflects our view that the group will maintain its credit profile over the next one to two years. We may upgrade Fubon Bank (China) if Fubon FHC group's credit profile improves meaningfully. We may also raise the rating if we view Fubon Bank (China) as a core entity of the group. This could be achieved if the bank can improve its profit and capital contributions to the group, such that it becomes one of the major contributors of the group. We
