Cabinet Spokesman Cheng Wen-tsang (鄭文燦) yesterday announced the details of a minor reshuffle.
As part of the reshuffle, Council for Economic Planning and Development (CEPD) Chairman Hu Sheng-cheng (胡勝正) will become the new chairman of the Financial Supervisory Commission (FSC) while Minister Without Portfolio Ho Mei-yueh (何美玥), who was previously minister of economic affairs, will double as the new CEPD chairwoman, Cheng added.
Jongher Yang (楊忠和), president of Taipei Physical Educational College, will succeed Chen Chuan-shou (陳全壽) as chairman of the National Council on Physical Fitness and Sports, the spokesman said.
Chen offered his resignation following last month's Asian Games in Doha because the performances of Taiwanese athletes did not live up to his expectations.
As the term of office for members of the Fair Trade Commission (FTC) is set to come to an end later this month, the Cabinet also announced nine new members.
Tang Jinn-chuan (湯金全), former deputy mayor of Kaohsiung, will replace Hwang Tzong-leh (黃宗樂) as the commission's new chairman while vice chairman Yu Chau-chiuan (余朝權) will remain in his position, Cheng said.
Cheng said that Hu had worked on financial reform for many years and the government had adopted many of the proposals and suggestions put forward by the CEPD.
"The non-performing loan ratio was reduced from above 12 percent in 1999 to 2.3 percent this year. We believe that his appointment [as FSC chairman] will be accepted in professional circles," Cheng said.
Asked whether Premier Su Tseng-chang (蘇貞昌) had cleared the appointment with the president, Cheng said that there was a "full discussion" between the premier and the president on the matter.
Former FSC chairman Shih Jun-ji (施俊吉) unexpectedly announced his resignation on Jan. 12 in the wake of the Rebar Group scandal.
Talking of Ho, Cheng said that she was a suitable successor to the CEPD chairman on account of her good understanding of the nation's economic situation.
"Ho started her career as a basic civil servant. She can communicate well with business and is good at all kinds of administrative coordination," Cheng added.
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Hu appointed chairman of FSC
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