SCSB foundation launches scholarship for Malaysian Chinese students

In an effort to support the Taiwanese government's "New Southbound Policy," the Shanghai Commercial & Savings Bank (SCSB) Cultural and Educational Foundation has launched a NT$600,000 scholarship programme for Malaysian Chinese students to study in Taiwan.

The foundation's Vice Chairman John Con-sing Yung, Secretary-General Chou Ching-hsiung, and SCSB's Deputy General Manager Lin Chih-hong jointly granted a NT$600,000 check to Malaysia's special envoy Dato' Seri Tiong King Sing, who received the check on behalf of the students.

According to statistics issued by the Taiwanese Ministry of Education, over 16,000 students had come from Malaysia to study in Taiwan as of the end of 2015, accounting for half of the total students from the 10 member states of the Association of Southeast Asian Nations (ASEAN).

In order to help cultivate talent needed to improve economic and trade exchanges between Malaysia and other Southeast Asian countries, the SCSB set up the Malaysian Chinese Students Scholarship program to encourage more students to study in Taiwan. Each qualified student receives NT$20,000.

SCSB hoped the Malaysian students could better understand Taiwan's overall environment, in order to help promote exchanges between both countries in the future.