Shih Jun-ji

Shih Jun-ji (Chinese: 施俊吉; pinyin: Shī Jùnjí; born 10 August 1955) is a Taiwanese economist. 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 the Republic of China. Chen Chi-mai succeeded Shih as vice premier in 2019.

Shih Jun-ji
施俊吉
Vice Premier of the Republic of China
In office
8 September 2017 – 14 January 2019
PremierLai Ching-te
Preceded byLin Hsi-yao
Succeeded byChen Chi-mai
Minister without Portfolio
In office
20 May 2016 – 30 June 2016
Succeeded byJohn Deng
Governor of Taiwan Province
In office
20 May 2016 – 30 June 2016
Preceded byLin Junq-tzer
Succeeded byHsu Jan-yau
Chairperson of Financial Supervisory Commission of the Republic of China
In office
August 2006 – 12 January 2007
Preceded byKong Jaw-sheng
Lu Daung-yen (acting)
Succeeded bySusan Chang (acting)
Hu Sheng-cheng
Personal details
Born (1955-08-10) 10 August 1955
Changhua County, Taiwan
Nationality Taiwan (Republic of China)
Alma materFu Jen Catholic University
Soochow University
National Taiwan University

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]

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