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Mon, May 28, 2001 - Page 18　News List

Experienced banker set to play new game

Chairman of E. Sun Bank for the past 10 years, Lin Jong-shong is slated to take over as head of the Taiwan Stock Exchange at the beginning of next month. Lin currently serves on the board of Taiwan's central bank. Last year, before the DPP administration took office, Lin was asked by President Chen Shui-bian to serve as Minister of Finance -- an offer he later declined. His decision to take the top job at the Taiwan Stock Exchange, market watchers say, indicates the DPP administration is likely to charge Lin with revamping the securities market. He recently sat with `Taipei Times' staff reporter Stanley Chou to share his perspective of Taiwan's economic woes

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Furthermore, support measures have not been completed, such as banks' problematic asset pricing. In order to dispose of the bad loans we have to establish a fully functional mechanism to transfer real estate collateral to the private sector.

If we could accomplish this task, I think Taiwan's bad loan problem could gradually be reduced.

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