{{Short description|Taiwanese entrepreneur and politician (1925–2021)}} {{Infobox officeholder | name = Hsu Sheng-fa | native_name = {{no bold|許勝發}} | native_name_lang = zh | image_upright = | image = <!--If this is specified, "image" should not be.--> | alt = | caption = | order1 = | office1 = Member of Legislative Yuan | status1 = <!--If this is specified, overrides Incumbent.--> | term_start1 = 1981 | term_end1 = 1990 | deputy = | constituency = | majority = | predecessor = | successor = | prior_term = | pronunciation = | birth_date = {{birth date|1925|1|24|df=y}} | birth_place = Japanese Taiwan | death_date = {{death date and age|2021|4|17|1925|1|24|df=y}} | death_place = Taipei, Taiwan | citizenship = | party = Kuomintang | other_party = <!--For additional political affiliations--> | height = <!-- "X cm", "X m" or "X ft Y in" plus optional reference (conversions are automatic) --> | relations = | children = Hsu Sen-rong, Hsu Juan-juan, Hsu Hsien-hsien | mother = <!-- may be used (optionally with father parameter) in place of parents parameter (displays "Parent(s)" as label) --> | father = <!-- may be used (optionally with mother parameter) in place of parents parameter (displays "Parent(s)" as label) --> | relatives = | education = | alma_mater = | occupation = Businessperson | profession = | known_for = | salary = | net_worth = <!-- Net worth should be supported with a citation from a reliable source --> | cabinet = | committees = | portfolio = | awards = <!-- For civilian awards - appears as "Awards" if |mawards= is not set --> | blank1 = | data1 = | signature = | signature_alt = | website = }}
'''Hsu Sheng-fa''' ({{lang-zh|c=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.<ref>{{cite news |title=PRINCE MOTORS INDUSTRY CO., LTD. |url=http://www.ttvma.org.tw/eng/search_detail.php?C_CODE=40699&search_word=Sedan&select_type=name&location=BAS_DT&db=BAS_DT&sn=6 |accessdate=9 September 2018 |publisher=Taiwan Transportation Vehicle Manufacturers Association}}</ref> The company became a Taiwan-based sales agent of Suzuki Motors.<ref>{{cite news |last1=Hsu |first1=Crystal |title=Cosmos Bank holds on to rating despite bad loan ratio |url=http://www.taipeitimes.com/News/biz/archives/2011/08/01/2003509615 |accessdate=9 September 2018 |work=Taipei Times |date=1 August 2011}}</ref> As the company fell into debt,<ref>{{cite news |last1=Hsu |first1=Crystal |title=Cathay Life buys Prince Motors land |url=http://www.taipeitimes.com/News/biz/archives/2012/05/23/2003533476 |accessdate=9 September 2018 |work=Taipei Times |date=23 May 2012}}</ref> a layoff affecting 1,000 employees took place, which led to a protest outside company headquarters in November 2012.<ref>{{cite news |last1=Loa |first1=Iok-sin |title=Laid-off Auto21 workers protest |url=http://www.taipeitimes.com/News/taiwan/archives/2012/11/24/2003548491 |accessdate=9 September 2018 |work=Taipei Times |date=24 November 2012}}</ref>
Hsu founded Cosmos Bank, the predecessor to KGI Bank, in 1992.<ref>{{cite news |title=Introduction |url=https://www.kgibank.com/about_us/english/L05/docs/report-2004-en.pdf |accessdate=9 September 2018 |publisher=KGI Bank |date=2004}}</ref> He sold eighty percent of the bank's shares in 2007,<ref>{{cite news |last1=Hsu |first1=Crystal |title=Lenders' bad-loan ratio fell to 0.48 percent last month |url=http://www.taipeitimes.com/News/biz/archives/2011/08/31/2003512065 |accessdate=9 September 2018 |work=Taipei Times |date=31 August 2011}}</ref><ref>{{cite news |last1=Hsu |first1=Crystal |title=Non-performing loan ratio edges up |url=http://www.taipeitimes.com/News/biz/archives/2011/10/05/2003514927 |accessdate=9 September 2018 |work=Taipei Times |date=5 October 2011}}</ref> and stepped down as chairman.<ref>{{cite news |last1=Wang |first1=Lisa |title=Cosmos inks MOU for fund injection |url=http://www.taipeitimes.com/News/biz/archives/2007/09/01/2003376808 |accessdate=9 September 2018 |work=Taipei Times |date=1 September 2009}}</ref> In 2008, Hsu was investigated and questioned by the Taipei District Prosecutors' Office regarding alleged embezzlement.<ref name="target">{{cite news |last1=Chang |first1=Rich |title=Cosmos Bank founder target of investigation |url=http://www.taipeitimes.com/News/taiwan/archives/2008/01/27/2003399048 |accessdate=9 September 2018 |work=Taipei Times |date=27 January 2008}}</ref><ref name="questioned">{{cite news |last1=Chang |first1=Rich |title=Founder of Cosmos Bank questioned in embezzlement case |url=http://www.taipeitimes.com/News/taiwan/archives/2008/03/26/2003407127 |accessdate=9 September 2018 |work=Taipei Times |date=26 March 2008}}</ref>
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.<ref>{{cite journal |last1=Domes |first1=Jürgen |title=The 13th Party Congress of the Kuomintang: Towards Political Competition? |journal=The China Quarterly |date=June 1989 |volume=118 |issue=118 |jstor=654830 |pages=345–359|doi=10.1017/S0305741000017847 |s2cid=154956869 }}</ref><ref>{{cite journal |last1=Leng |first1=Shao-chuan |last2=Lin |first2=Cheng-yi |title=Political Change on Taiwan: Transition to Democracy? |journal=The China Quarterly |date=December 1993 |volume=136 |jstor=655592 |issue=136 |pages=805–839|doi=10.1017/S0305741000032343 |s2cid=154907110 }}</ref><ref>{{cite book |last1=Hughes |first1=Christopher |title=Taiwan and Chinese Nationalism |date=2013 |publisher=Routledge |isbn=9781134727551 |page=116 |url=https://books.google.com/books?id=fVX2aAuOt1EC&pg=PA116}}</ref> He later worked for Lien Chan's 2000 presidential campaign,<ref>{{cite news |title=Wu Po-hsiung assigned election support role |url=http://www.taipeitimes.com/News/local/archives/2000/03/09/0000027178 |accessdate=9 September 2018 |work=Taipei Times |date=9 March 2000}}</ref> and served on the Straits Exchange Foundation.<ref>{{cite news |last1=Lin |first1=Miao-jung |title=Koo lands another term as SEF head, urges negotiations |url=http://www.taipeitimes.com/News/taiwan/archives/2002/12/03/0000185702 |accessdate=9 September 2018 |work=Taipei Times |date=3 December 2002}}</ref>
Hsu has three children. His only son Hsu Sen-rong was vice chairman of Cosmos Bank.<ref name="target"/> His daughters are Hsu Juan-juan<ref name="questioned"/> and Hsu Hsien-hsien, who married Eugene Wu.<ref>{{cite news |last1=Chung |first1=Amber |title=Cosmos Bank says local and overseas investors secured |url=http://www.taipeitimes.com/News/biz/archives/2007/05/12/2003360579 |accessdate=9 September 2018 |work=Taipei Times |date=12 May 2007}}</ref><ref>{{cite news |last1=Hsu |first1=Crystal |title=School system drives up prices of Taipei studios |url=http://www.taipeitimes.com/News/biz/archives/2014/08/19/2003597717 |accessdate=9 September 2018 |work=Taipei Times |date=19 August 2014}}</ref>
He died on 17 April 2021, aged 96. at the {{ill|Shin Kong Wu Ho-Su Memorial Hospital|zh|新光吳火獅紀念醫院}} in Taipei.<ref>{{cite news |title=太子汽車創辦人許勝發病逝 享耆壽98歲 |url=https://udn.com/news/story/7238/5395686 |access-date=22 June 2021 |work=United Daily News |date=17 April 2021}}</ref>
==References== {{reflist}} {{authority control}}
{{DEFAULTSORT:Hsu, Sheng-fa}} Category:1925 births Category:2021 deaths Category:Members of the 1st Legislative Yuan in Taiwan Category:Kuomintang Members of the Legislative Yuan in Taiwan Category:Party List Members of the Legislative Yuan Category:Taiwanese company founders Category:20th-century Taiwanese businesspeople Category:21st-century Taiwanese businesspeople Category:Taiwanese bankers Category:Asian founders of motor vehicle manufacturers