The Cabinet yesterday appointed National Treasury Agency Director-General Liu Deng-cheng (
Liu was chosen because he is a "senior financial business official," Government Information Office Minister and Cabinet Spokesman Cheng Wen-tsang (
"I will spare no efforts in my new job and will continue to implement necessary policies," Liu, 56, told reporters yesterday.
Liu will oversee business involving the management of state shareholdings, the national treasury and national properties.
Liu, who holds a master's degree in international business from National Taiwan University, is a seasoned public servant with nearly 35 years of experience.
He assumed office as director-general of the National Treasury Agency in April 2002.
During his four-and-a-half-year director-generalship, Liu also doubled as the convener of the ministry's taskforce that manages state stakes in financial institutions and the disposal of shareholdings in state-controlled companies.
Meanwhile, according to ministry sources, Mckinney Tsai (蔡友才), president of Mega Financial Holding Co (兆豐金控), will take up the chairmanship of its banking unit, Mega International Commercial Bank Co (兆豐國際商銀), formed as a result of the merger of International Commercial Bank of China (中國國際商銀) and Chiao Tung Bank (交通銀行), on Monday.
Chiao Tung's vice president Hsu Kuang-shi (
Separately, the ministry is planning to budget for the disposal of a 17 percent government stake in Chang Hwa Bank (彰化銀行) next year.
The ministry may name Taishin Financial Holding Co (
additional reporting by Jimmy Chuang