We continue to view Fubon Bank (China) as a highly strategic subsidiary of Fubon FHC group. We are therefore affirming our 'BBB+' long-term and 'A-2' short-term issuer credit ratings on the China-based bank. We are also affirming our 'cnA+' long-term and 'cnA-1' short-term Greater China regional scale ratings on the bank. The stable outlook on Fubon Bank (China) reflects the outlook on Fubon FHC group and our expectation that the bank will maintain its strategic importance within the group over the next two years. On May 31, 2016, S&P Global Ratings affirmed its 'BBB+' long-term and 'A-2' short-term issuer credit ratings on Fubon Bank (China) Co. Ltd. The outlook on the long-term rating is stable. At the same time, we