Appointment of Mr. Chi Schive as the New Chairman of Taiwan Stock Exchange.HONG KONG Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. -- Taiwan Stock Exchange Taiwan Stock Exchange (TSEC) Established in 1961, the only centralized securities market in Taiwan. (TWSE) announces the appointment of Mr. Chi Schive as its Chairman to assume responsibility for Taiwan Stock Exchange's strategy and operations. Mr. Schive was appointed to head TWSE with the mission of executing the plan of the Executive Yuan The Executive Yuan (Traditional Chinese: 行政院; Pinyin: Xíngzhèng Yuàn; literally "Executive court") is the executive branch of the government of the Republic of China. (the Cabinet) and developing Taipei into an Asia-Pacific financial center. The Sworn In ceremony was held last Friday. "It is a great honour to be the Chairman of Taiwan Stock Exchange. I would like to thank the former Chairman, Dr Rong-I Wu, for his initiatives and dedication to push for market reforms in Taiwan. "We will continue the strides in making our exchange more competitive through continuous market reforms, promoting Taiwan companies listed overseas to return to the exchange for listing; development of new financial products which tailor to market's needs; and implementation of the new administration's capital market policy. "I believe Taipei will be one of the leading and most prosperous financial cities in Asia and I am committed to seeing this happens," said Mr Schive. About Mr Chi Schive Mr. Schive Chi, 61, has a doctorate degree from Case Western Reserve University of the U.S. and abundant financial experience, both in practical and academic aspects. He has served such posts as vice chairman of the Cabinet-level Council for Economic Planning and Development (CEPD CEPD Center for Executive and Professional Development CEPD Civil Emergency Planning Directorate (NATO) ), president of Taiwan Academy of Banking and Finance, and chairman of the department of economics, National Taiwan University National Taiwan University (Traditional Chinese: 國立臺灣大學; Simplified Chinese: 国立台湾大学 . During his stint as vice CEPD chairman, Mr. Schive took part in the planning of developing Taiwan into a regional operations center under Vice President Vincent Siew, who served as CEPD chairman then. About Taiwan Stock Exchange Corporation Founded in 1961, TWSE works with the Financial Supervisory Commission The Financial Supervisory Commission is a commission of Ministry of Finance, subordinate to the the Executive Yuan of the Republic of China. Its main office is located in Banciao City, Taipei County. (FSC FSC See: Foreign Sales Corporation ) to regulate Taiwan's stock market, enhance market transparency and improve market infrastructure. It currently offers trading markets for stocks, warrants, Exchange-Traded Funds (ETFs), Taiwan Depository Receipts (TDRs) and corporate bonds. |
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