Although there were some financial groups in the late Ching Dynasty and people could carry business transactions at the time，those groups had not have complete banking functions yet. Until the Japanese began colonizing in 1895 and ushered Japanese banks which originated in western countries into Taiwan，there were official financial institutions established during the colonial period -like banks, credit cooperatives, trust companies and insurance companies etc.. The colonial government set up financial institutions attended to develop the resources of Taiwan to satisfy the economic benefits from the settlement, and whether Japanese or Taiwanese organizations were established to try for the convenient of business transactions. To prevent the colonials from carrying the centralization of capital, the government suppressed Taiwanese financial organizations, and caused all financial institution types different positions in society
