Financial regulator who signed the cross-strait financial memoranda and became premier
Born in Taipei in 1949, he took bachelor's and master's degrees in law at National Taiwan University and studied at Goethe University Frankfurt. Starting as a bank employee, he rose to head the Ministry of Finance's banking bureau and become its deputy minister, and chaired the Taiwan Stock Exchange and the Taiwan Cooperative Bank. Appointed chairman of the Financial Supervisory Commission in 2008, he signed memoranda on banking, insurance and securities with his mainland counterparts in January 2010 and became vice premier the same year. He succeeded Wu Den-yih as premier in February 2012, but after a year of economic difficulty and public criticism, including over the admission of US beef, he stepped down on health grounds in February 2013.
Also known as: Sean Chen · Chen Chong
Activities and affiliations
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2008–2010
Republic of China state institutionsChairman of the Financial Supervisory Commission
Economy, finance and planning -
2010–2012
Republic of China state institutionsVice Premier
Government and administration -
2012–2013
Republic of China state institutionsPresident of the Executive YuanHeads of state, government and party of ChinaMain
Political and party leadership
Career Timeline
- 1971–1973LL.B. and LL.M. at National Taiwan University
- 1977–1978Studied law at Goethe University Frankfurt
- 1989Executive secretary of the Finance Ministry's legal committee; deputy director of its banking department
- 1995Director-General of the Bureau of Monetary Affairs
- 1998–2002Deputy Minister of Finance
- 2002–2004Chairman of the Taiwan Stock Exchange
- 2004–2006.12Chairman of the Taiwan Cooperative Bank
- 2008.12–2010Chairman of the Financial Supervisory Commission
- 2010–2012.02.06Vice Premier
- 2012.02.06–2013.02.18President of the Executive Yuan