Taking the Rebar Asia Pacific Group (力霸亞太企業集團) scandal as a guide, Hu Sheng-cheng (胡勝正), the newly appointed chairman of the Financial Supervisory Commis-sion, said last night that efforts to stabilize the market and strengthen financial rules and regulations would top his agenda.
Hu made the remark in an interview with the Central News Agency (CNA) after Cabinet Spokesman Cheng Wen-tsang (
Hu is the fourth chairman of the commission and follows Shih Jun-ji (施俊吉), who resigned earlier this month. Shih tendered his resignation after a run on Rebar-linked The Chinese Bank (中華銀行).
Kong Jaw-sheng (
Lu Daung-yen (呂東英) took Kong's position temporarily before he was replaced by Shih in August.
The frequent changes at the head of the commission and the involvement of several high-ranking officials' in scandals have battered its image. Boosting the morale of the commission will therefore be another priority, Hu said.
In the long term, Hu said he would carry out the many financial reforms the Cabinet has proposed.
Hu, 67, earned his doctorate in economics at the University of Rochester. Before heading the Council of Economic Planning and Development (CEPD), he held the position of minister without portfolio, appointed in 2001, with duties focusing on negotiating and supervising financial policies.
"I accepted the position calmly, because I'm familiar with financial policies and related affairs from my past work experience," Hu said.
Hu also served as a director at the central bank and the Chung Hwa Institution for Economic Research (
Meanwhile, describing her new appointment as a "homecoming," Hu's successor at the CEPD, Ho Mei-yueh (
Ho, 56, entered the Ministry of Economic Affairs in 1975 as a technician in the Industrial Development Bureau.
Ho moved up through the hierarchy to become minister in 2004. She served as vice chairwoman of the CEPD before taking the helm.
As a career woman, Ho pledged to help women reach their potential in the workplace by providing more vocational training tailored for female workers.
Nvidia Corp’s GB300 platform is expected to account for 70 to 80 percent of global artificial intelligence (AI) server rack shipments this year, while adoption of its next-generation Vera Rubin 200 platform is to gradually gain momentum after the third quarter of the year, TrendForce Corp (集邦科技) said. Servers based on Nvidia’s GB300 chips entered mass production last quarter and they are expected to become the mainstay models for Taiwanese server manufacturers this year, Trendforce analyst Frank Kung (龔明德) said in an interview. This year is expected to be a breakout year for AI servers based on a variety of chips, as
Sweeping policy changes under US Secretary of Health and Human Services Robert F. Kennedy Jr are having a chilling effect on vaccine makers as anti-vaccine rhetoric has turned into concrete changes in inoculation schedules and recommendations, investors and executives said. The administration of US President Donald Trump has in the past year upended vaccine recommendations, with the country last month ending its longstanding guidance that all children receive inoculations against flu, hepatitis A and other diseases. The unprecedented changes have led to diminished vaccine usage, hurt the investment case for some biotechs, and created a drag that would likely dent revenues and
Global semiconductor stocks advanced yesterday, as comments by Nvidia Corp chief executive officer Jensen Huang (黃仁勳) at Davos, Switzerland, helped reinforce investor enthusiasm for artificial intelligence (AI). Samsung Electronics Co gained as much as 5 percent to an all-time high, helping drive South Korea’s benchmark KOSPI above 5,000 for the first time. That came after the Philadelphia Semiconductor Index rose more than 3 percent to a fresh record on Wednesday, with a boost from Nvidia. The gains came amid broad risk-on trade after US President Donald Trump withdrew his threat of tariffs on some European nations over backing for Greenland. Huang further
HSBC Bank Taiwan Ltd (匯豐台灣商銀) and the Taiwan High Prosecutors Office recently signed a memorandum of understanding (MOU) to enhance cooperation on the suspicious transaction analysis mechanism. This landmark agreement makes HSBC the first foreign bank in Taiwan to establish such a partnership with the High Prosecutors Office, underscoring its commitment to active anti-fraud initiatives, financial inclusion, and the “Treating Customers Fairly” principle. Through this deep public-private collaboration, both parties aim to co-create a secure financial ecosystem via early warning detection and precise fraud prevention technologies. At the signing ceremony, HSBC Taiwan CEO and head of banking Adam Chen (陳志堅)
RSS