New TSE head hopes to help everyone 'make money'
The China Post news staffTAIPEI, Taiwan -- Lee Sush-der, the new chairman of the Taiwan Stock Exchange (TSE), yesterday expressed his hope that under his leadership the exchange would help revitalize Taiwan's economy.
February 26, 2013, 12:17 am TWN
“It is my hope that the TSE will give Taiwan's economy a boost,” he said. “Simply put, I hope that the TSE can help everyone make money.”
During his remarks at the leadership changeover ceremony, Lee detailed the TSE's two tasks and three strategies. The two tasks are “expediting firms' efforts to raise money” and “adding stability to the market.” The three strategies are “making corporate data more transparent,” “making the trading mechanism more just,” and “diversifying financial products.”
With the leadership changeover, Lee has become the new chairman of TSE, replacing his predecessor Schive Chi, who is now a minister-without-portfolio in the new Cabinet led by Premier Jiang Yi-huah. Before his new post, Lee was chairman of GreTai Securities Market, Taiwan's over-the-market exchange.
During the ceremony, Schiver was asked whether there should be a merger between TSE and GreTai.
“It's a great idea, and the government has never said it won't do it,” he responded.
Among the VIPs attending yesterday's ceremony was Huang Min-chu, chairman of Taiwan's securities trade association.
“It is my hope that the new chairman will add vibrancy and liveliness to the TSE, so that we can say goodbye to a market where daily trade volume has averaged below NT$100 billion for ten months in a row,” he said.