"Whatsoever the outcome will be, Chinatrust Financial will be the biggest winner out of China Development's management fight," Hsieh said, adding that the best-case scenario for Chinatrust would be that KGI president Angelo Koo (辜仲瑩) succeeds in taking over the reins from Chen, or else, Chinatrust could benefit from the company's rising stock prices during the management reshuffle row.
But Hsieh's views differed from those of Chu's in the finance ministry's role to step into China Development's management reshuffle. Chu said that the ministry had confused its role since it both works as the financial regulator and one of China Development's biggest shareholders. Hsieh said that the ministry's decision to partner with KGI was a professional business decision since the DPP government was unlikely to side with the pro-KMT Chinatrust if politics was involved.
Despite last week's management drama in China Development, shares of China Development appeared to be unaffected last week, leveling between NT$18 to NT$18.6 per share.
Mike Chow (周道中), a manager with Yuanta Core Pacific Securities Corp (元大京華證券), yesterday said that, macro-economically, stock investors had begun to show strong confidence in the local financial sector, which he said may enjoy "a boom for at least three to five years including China Development."
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