Shih Jun-ji explained

Shih Jun-ji
Native Name Lang:zh-tw
Term Start1:8 September 2017
Term End1:14 January 2019
Successor1:Chen Chi-mai
Term Start2:20 May 2016
Term End2:30 June 2016
Office3:23rd Chairman of the Provincial Government
Term Start3:20 May 2016
Term End3:30 June 2016
Term Start4:August 2006
Term End4:12 January 2007
Successor4:Hu Sheng-cheng
Office5:Chairman of the Taiwan Asset Management Corporation
Term Start5:20 May 2020
President5:Guo Wen-jin
Birth Date:10 August 1955
Alma Mater:Fu Jen Catholic University
Soochow University
National Taiwan University

Shih Jun-ji (; born 10 August 1955) is a Taiwanese economist and politician. He served as the second chairman of the Financial Supervisory Commission from 2006 to 2007 after Kong Jaw-sheng was removed from office. Shih served concurrently as Governor of Taiwan Province and minister without portfolio in 2016. Later that year, he was named chair of the Taiwan Stock Exchange. In 2017, he took office as Vice Premier of Taiwan under the Lai cabinet. Chen Chi-mai succeeded Shih as vice premier in 2019.

Education

Shih obtained his bachelor's degree in business administration from Fu Jen Catholic University in 1978, master's degree in economics from Soochow University in 1980 and doctoral degree in economics from National Taiwan University in 1984. As a student, he led a demonstration which protested the White Terror, a period of political suppression that began after the 228 Incident of 1947.[1]

Career

After graduation, Shih did research with the Academia Sinica, then joined the Fair Trade Commission from 1998 to 2001.[1]

He was appointed to the Financial Supervisory Commission in July 2006, and named FSC chairman in August of that year.[1] During Shih's tenure as FSC chairman, the Rebar Chinese Bank filed for bankruptcy protection, which caused a bank run that led to NT$19 billion in losses and eventual government takeover of the financial institution.[2] [3] [4] The Enterprise Bank of Hualien, independent of Rebar, was also declared insolvent and placed under the purview of the FSC.[5] Shih resigned on 12 January 2007, shortly after the takeover announcement, to take responsibility for the Rebar scandal and was succeeded by Susan Chang on an interim basis, before Hu Sheng-cheng took office.[6] [7]

Shih returned to the Academia Sinica's Institute of Social Science after resigning the FSC chairmanship.[8] [9] He was named the economic adviser to Tsai Ing-wen's 2016 presidential campaign.[10] Shortly before she won the election, the US-China Economic and Security Review Commission reported that Shih could be chosen as a financial adviser in Tsai's administration.[11] Tsai's premier Lin Chuan selected Shih as a minister without portfolio in April 2016. Shih was in charge of economic and communications policies, and led trade negotiations.[12] He was named chairman of the Taiwan Stock Exchange in June 2016 and assumed the position on July 1.[13] [14] [15]

Shih succeeded Lin Hsi-yao as vice premier of the Republic of China in September 2017.[16] [17] He was appointed to the office by William Lai, who replaced Lin Chuan as premier. Shih stepped down from the vice premiership when the Lai cabinet resigned, and was replaced by Chen Chi-mai. Shih became an adviser to the National Security Council.[18] On 20 May 2020, Shih was named chairman of the Taiwan Asset Management Corporation, a position that had remained vacant after the December 2018 resignation of Lin Mei-chu.[19]

Notes and References

  1. News: Chung. Amber. New FSC chief vows to rebuild trust in watchdog. 20 March 2016. Taipei Times. 5 August 2006.
  2. News: Chung. Amber. Analysis: Rebar scandal shows FSC defects. 20 March 2016. Taipei Times. 15 January 2007.
  3. News: Chuang. Jimmy. Su performs scandal damage control. 20 March 2016. Taipei Times. 13 January 2007.
  4. News: Shih. Hsiu-chuan. Insolvencies will be investigated: Su. 20 March 2016. Taipei Times. 8 January 2007.
  5. News: FSC takes over two insolvent local banks. 27 June 2016. China Post. 6 January 2007.
  6. News: Hu appointed chairman of FSC. 20 March 2016. Taipei Times. 26 January 2007.
  7. News: Chung. Amber. FSC chief resigns, Cabinet approves. 20 March 2016. Taipei Times. 13 January 2007.
  8. News: Shan. Shelley. Experts call for temporary media-monopoly rules. 20 March 2016. Taipei Times. 29 September 2012.
  9. News: Lee. I-Chia. Block media merger, say academics. 20 March 2016. Taipei Times. 24 October 2011.
  10. News: Lee. Justina. Sung. Chinmei. China's Isolation Strategy Squeezes Taiwan's Exporter Sector. 5 April 2016. Bloomberg. 12 November 2015.
  11. News: Lowther. William. Economic issues are driving Taiwan's elections: US report. 20 March 2016. Taipei Times. 8 January 2016.
  12. News: Loa. Lok-sin. Lin Chuan introduces future Cabinet. 8 April 2016. Taipei Times. 8 April 2016.
  13. News: Tai. Ya-chen. Huang. Frances. New Taiwan Stock Exchange chairman appointed. 21 June 2016. Central News Agency. 20 June 2016. https://web.archive.org/web/20160621123606/http://focustaiwan.tw/news/aeco/201606200026.aspx. 21 June 2016. Alt URL
  14. News: Tien. Yu-pin. Huang. Frances. TWSE aiming to push turnover to NT$120 billion. 7 July 2016. Central News Agency. 4 July 2016.
  15. News: Shih vows re-energization. 8 July 2016. Taipei Times. 2 July 2016.
  16. News: Chen. Wei-han. Lai starts reshuffle of Executive Yuan. 13 September 2017. Taipei Times. 6 September 2017.
  17. News: Lin. Shen-feng. Chin. Jonathan. Lai picks acting minister to head economic affairs. 13 September 2017. Taipei Times. 7 September 2017.
  18. News: Su . Yung-ya . Chung . Jake . Tsai convenes security meeting on Middle East tensions . 12 June 2020 . Taipei Times . 10 January 2020.
  19. News: Hsu . Crystal . TAMC board signs off on appointment of Shih as chairman . 12 June 2020 . Taipei Times . 21 May 2020.