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Hsu Sheng-fa
Hsu Sheng-fa
許勝發
Member of Legislative Yuan
	In office; 1981–1990
Personal details
Born	24 January 1925; Japanese Taiwan
Died	17 April 2021 (aged 96); Taipei, Taiwan
Political party	Kuomintang
Children	Hsu Sen-rong, Hsu Juan-juan, Hsu Hsien-hsien
Occupation	Businessperson

Hsu Sheng-fa (Chinese: 許勝發; 24 January 1925 – 17 April 2021) was a Taiwanese businessman and politician. He served on the Legislative Yuan as a member of the Kuomintang from 1981 to 1990.

Life and career

Hsu was born in 1925 in Japanese Taiwan. He founded Prince Motors in 1965.^[1] The company became a Taiwan-based sales agent of Suzuki Motors.^[2] As the company fell into debt,^[3] a layoff affecting 1,000 employees took place, which led to a protest outside company headquarters in November 2012.^[4]

Hsu founded Cosmos Bank, the predecessor to KGI Bank, in 1992.^[5] He sold eighty percent of the bank's shares in 2007,^[6]^[7] and stepped down as chairman.^[8] In 2008, Hsu was investigated and questioned by the Taipei District Prosecutors' Office regarding alleged embezzlement.^[9]^[10]

Hsu was a member of the Legislative Yuan between 1981 and 1990. He remained politically active after leaving the legislature, serving on the Central Standing Committee of the Kuomintang as well as chairing the China National Federation of Industry.^[11]^[12]^[13] He later worked for Lien Chan's 2000 presidential campaign,^[14] and served on the Straits Exchange Foundation.^[15]

Hsu has three children. His only son Hsu Sen-rong was vice chairman of Cosmos Bank.^[9] His daughters are Hsu Juan-juan^[10] and Hsu Hsien-hsien, who married Eugene Wu.^[16]^[17]

He died on 17 April 2021, aged 96. at the Shin Kong Wu Ho-Su Memorial Hospital [zh] in Taipei.^[18]

References

^ "PRINCE MOTORS INDUSTRY CO., LTD". Taiwan Transportation Vehicle Manufacturers Association. Retrieved 9 September 2018.
^ Hsu, Crystal (1 August 2011). "Cosmos Bank holds on to rating despite bad loan ratio". Taipei Times. Retrieved 9 September 2018.
^ Hsu, Crystal (23 May 2012). "Cathay Life buys Prince Motors land". Taipei Times. Retrieved 9 September 2018.
^ Loa, Iok-sin (24 November 2012). "Laid-off Auto21 workers protest". Taipei Times. Retrieved 9 September 2018.
^ "Introduction" (PDF). KGI Bank. 2004. Retrieved 9 September 2018.
^ Hsu, Crystal (31 August 2011). "Lenders' bad-loan ratio fell to 0.48 percent last month". Taipei Times. Retrieved 9 September 2018.
^ Hsu, Crystal (5 October 2011). "Non-performing loan ratio edges up". Taipei Times. Retrieved 9 September 2018.
^ Wang, Lisa (1 September 2009). "Cosmos inks MOU for fund injection". Taipei Times. Retrieved 9 September 2018.
^ ^a ^b Chang, Rich (27 January 2008). "Cosmos Bank founder target of investigation". Taipei Times. Retrieved 9 September 2018.
^ ^a ^b Chang, Rich (26 March 2008). "Founder of Cosmos Bank questioned in embezzlement case". Taipei Times. Retrieved 9 September 2018.
^ Domes, Jürgen (June 1989). "The 13th Party Congress of the Kuomintang: Towards Political Competition?". The China Quarterly. 118 (118): 345–359. doi:10.1017/S0305741000017847. JSTOR 654830. S2CID 154956869.
^ Leng, Shao-chuan; Lin, Cheng-yi (December 1993). "Political Change on Taiwan: Transition to Democracy?". The China Quarterly. 136 (136): 805–839. doi:10.1017/S0305741000032343. JSTOR 655592. S2CID 154907110.
^ Hughes, Christopher (2013). Taiwan and Chinese Nationalism. Routledge. p. 116. ISBN 9781134727551.
^ "Wu Po-hsiung assigned election support role". Taipei Times. 9 March 2000. Retrieved 9 September 2018.
^ Lin, Miao-jung (3 December 2002). "Koo lands another term as SEF head, urges negotiations". Taipei Times. Retrieved 9 September 2018.
^ Chung, Amber (12 May 2007). "Cosmos Bank says local and overseas investors secured". Taipei Times. Retrieved 9 September 2018.
^ Hsu, Crystal (19 August 2014). "School system drives up prices of Taipei studios". Taipei Times. Retrieved 9 September 2018.
^ "太子汽車創辦人許勝發病逝享耆壽98歲". United Daily News. 17 April 2021. Retrieved 22 June 2021.