Tsai Man-tsai Taiwan Contribution Award Presented Tsai Ming-chung and Tsai Ming-hsing are optimistic about AI driving Taiwan’s economy

The "Tsai Mancai Taiwan Contribution Award" organized by Fubon Group held an award ceremony today. Fubon Group Chairman Cai Mingzhong and Fubon Financial Holdings Chairman Cai Mingxing both attended the event in person and were interviewed one after another. Both brothers expressed optimism about Taiwan's economic prospects, the development of the global AI industry and the trend of the Taiwan stock market, believing that driven by the AI ​​wave, Taiwan's economy and industrial chain will have long-term competitive advantages.

Tsai Ming-chung said that today coincides with the 12th anniversary of the death of his father, Tsai Man-tsai Taiwan Contribution Award, and he thinks it is particularly meaningful to hold the "Tsai Man-tsai Taiwan Contribution Award" award ceremony today. Tsai Ming-chung pointed out that his father loved the land of Taiwan during his lifetime and hoped to express respect and gratitude to those who have made important contributions to Taiwan, hence the idea for this award.

When talking about Taiwan's economic outlook, Tsai Ming-chung pointed out that thanks to AI, economic growth in the next one to two years is quite optimistic. He analyzed that Taiwan's exports will grow by 30% to 40% this year. Given the size of Taiwan's economy, the economic growth rate this year is expected to reach 13% or 14%. As for next year, "I believe there will not be double digits, but high single digits can be expected." Cai Mingzhong also suggested that if the government can do better, the key lies in how to use AI dividends so that all people can share it.

Cai Mingxing analyzed the global AI development situation. He said that the global AI infrastructure is "only halfway there now." Financial forecasts of listed companies generally show that next year's performance will be better than this year. He pointed out that the two largest beneficiary countries of global AI construction are Taiwan and South Korea. However, South Korea's exports are highly concentrated in the memory industry, while Taiwan has more dispersed and diverse beneficiary industries.

Tsai Ming-hsing said that Taiwan’s ability to shine in this wave of AI construction did not happen suddenly, but occurred after the continuous efforts and accumulation of various industries in the past 50 years. Now is the time for the world to look at Taiwan with admiration.

Today, the Taiwan stock market once reached a record high of 49,770 points during intraday trading, and finally closed at 49,712 points. In this regard, Cai Mingxing said that the market has recently shown a healthy stock rotation. A while ago, small and medium-sized stocks led the rise, and then large-cap stocks and financial stocks took over. And the market trading volume can be sufficient, "there will be high prices only if there is large volume."

Talking about the market's challenge to a new high of 50,000 points, he said, "It's only very close at hand, and TSMC will be over in a single jump." Fubon Gold also hopes to do its part to promote development.

Fubon Financial Holdings' share price rose 1% to 152 yuan today. Cai Mingxing said that Fubon Financial Holdings' overall profit performance this year is good, and it is expected to have outstanding results throughout the year. As for the stock price performance, he has expressed in shareholder meetings in the past that he feels the stock price is undervalued. Now that the stock price has rebounded, he believes it has reasonably reflected the company's ideal price.