TAIPEI (Taiwan News) — Several of Taiwan’s listed financial holding companies now have market capitalizations exceeding NT$1 trillion (US$31.27 billion), placing them alongside the nation’s technology giants.

As of Wednesday, about half of the 13 listed financial holding companies had recorded positive stock price growth this year, boosting overall market capitalization. Leading the group, Fubon Financial, Cathay Financial, and CTBC Financial each surpassed NT$1 trillion in market value, according to CTEE.

Data from the Taiwan Stock Exchange show financial holding companies are now competing with technology firms among the market’s top 10 listed companies by market value. The top 10, in order, include TSMC, Delta Electronics, Foxconn, MediaTek, ASE Technology, Yuanta/P-shares Taiwan Top 50 ETF, Fubon Financial, Quanta Computer, CTBC Financial, and Cathay Financial.

Fubon reached NT$1.23 trillion, ranking seventh. CTBC recorded NT$1.06 trillion and Cathay NT$1.05 trillion, ranking ninth and 10th, respectively.

The trend is driven by investors seeking safe-haven assets amid global uncertainty, including geopolitical tensions and market volatility.

Among the top 20 stocks by the number of regular investment plan accounts in February, 11 were financial holding companies. TSMC has long held the top spot, followed by E Sun Financial and Mega Financial in second and third place, respectively, according to the Taiwan Stock Exchange.

Many are expected to offer dividends this year exceeding last year’s payouts, as listed financial holding companies reported total profits of NT$556.7 billion last year, the third-highest on record. These strong earnings and dividends have made financial holding stocks attractive for long-term investment.