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Thu, Jul 18, 2002 - Page 11 News List

Exchange eyes new chairman

STAFF WRITER

Taiwan may appoint Kong Jaw Sheng, who resigned as country head for Credit Suisse First Boston after the bank was temporarily blacklisted by China last year, to head its futures exchange.

Kong, who resigned in March, may be elected today when the Taiwan Futures Exchange chooses a chairman to replace Kenneth Kao (高抗勝), according to an official at the exchange. Kong couldn't be reached for comment.

CSFB was dropped from a multibillion-dollar share sale by China's second-biggest mobile phone company after it helped arrange a European tour last July that included top Taiwan government officials.

The ban on arranging share sales for the government and state-owned companies was lifted some months later after US-based executives met Beijing officials in what was called a "courtesy call."

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