Hsu said that Chen has experience as an investment adviser, adding she has worked closely with the company's executives in her capacity as a board member.
"You have to be a fast learner at China Development," Hsu said. "I am sure she has learned a lot, having reviewed tens of investment projects each year while sitting on the company's board."
Hsu added that China Development has confirmed Liu's business plans, even in his absence.
"No significant policy changes will take place to harm the company's performance," he said.
Saying Chen is an easygoing person and easy get along with, Hsu said that he believes the new chairwoman will allow professional managers to take charge.
Diana Chen has hired back former China Development executive vice president Chen Kun-yung (
Lin Chun (林軍), the 54-year-old president of China Venture Manage-ment Inc (開發科技顧問), a wholly owned China Development venture capital subsidiary, will also come to her aide by taking up the post as the company's temporary president in Liu's absence.
Chen's time as chairwoman will end the moment Liu is released since China Development has claimed it will not replace Liu and expects Liu to launch an appeal to clear his name soon.
But if Liu remains in detention for a long time, a power struggle will be inevitable in the company, market watchers warned.
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