Ex-minister without portfolio takes over as TWSE chairman

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Taiwan Stock Exchange Chairman Hsu Jan-yau reacts in a speech on Nov. 3, 2017. Hsu is taking over as chairman o from acting TWSE Chairman and President Lee Chi-hsien, who was asked to head the board of the government-controlled corporation temporarily after then-Chairman Shih Jun-ji (施俊吉) was named by Lai to serve as vice premier in September. (CNA)

TAIPEI (CNA) — Hsu Jan-yau (許璋瑤) has stepped down as a minister without portfolio to head the Taiwan Stock Exchange Corp. (TWSE) as chairman, Cabinet spokesman Hsu Kuo-yung (徐國勇) said Friday.

Hsu Jan-yau has also quit his largely ceremonial post as governor of Taiwan Province, the Cabinet spokesman said, adding that the openings left behind by Hsu will be assumed by acting Yilan County Magistrate Wu Ze-cheng (吳澤成).

The 66-year-old Hsu previously served as head of the Directorate-General of Budget, Accounting and Statistics from 2004 to 2008 when Chen Shui-bian (陳水扁) of the Democratic Progressive Party (DPP) was president of the country.

He was handpicked by Lin Chuan (林全) to serve as a minister without portfolio in charge of accounting, statistics and financial affairs in his Cabinet when a new DPP government took office in May 2016.

Lin tendered his resignation as premier on Sept. 3, and he and his Cabinet resigned en masse on Sept. 7. But Hsu was one of many members of Lin’s Cabinet who were asked by new Premier Lai Ching-te (賴清德) to stay on in their posts.

Hsu is taking over as chairman of Taiwan’s stock exchange from acting TWSE Chairman and President Lee Chi-hsien (李啟賢), who was asked to head the board of the government-controlled corporation temporarily after then-Chairman Shih Jun-ji (施俊吉) was named by Lai to serve as vice premier in September.

The government had been looking for a new chairman since Shih assumed his new post. Lee will stay on as TWSE president. 

By Ku Chuan and Elizabeth Hsu