Taipei, May 31, 2012 (CENS)--Premier Sean Chen approved the resignation of Christina Liu from the post of the minister of finance yesterday (May 30) and designated Tseng Ming-chung, deputy finance minister, as the acting finance minister.
Premier Sean Chen approved Liu's resignation after receiving the latter's request for a leave until the approval of her resignation. An insider said that Sean reported to President Ma Ying-jeou and obtained his agreement before making the approval.
Christina Liu tendered resignation to express her objection to the securities transaction gains program put forth by the ruling KMT caucus at the legislature, since it cannot levy gains earned by major stock investors.
Chen originally instructed Liu to stay on her job after completing the negotiation with legislators over the securities transaction gains tax program.
Inside sources said candidates for Liu's successor include Tseng Ming-chung, Tsai Chin-nian, chairman of First Financial Holding, Chen Yu-chang, chairperson of Financial Supervisory Commission, Hsu Chia-tong, chairman of Taiwan Academy of Banking and Finance, legislator Tseng Chu-wei, Chang Hsiu-lien, chairman of Taiwan Financial Holding, and Chang Sheng-ho, former deputy finance minister.
In an interview with the Chinese-language Economic Daily News last light, Sean Chen reported that it won't take long for him to appoint Liu's successor, who has to discuss with legislators for the levy of securities transaction gains tax from next week.
(by Philip Liu)