VZCZCXRO5390
RR RUEHGH
DE RUEHIN #2880/01 2330146
ZNR UUUUU ZZH
R 210146Z AUG 06
FM AIT TAIPEI
TO RUEHC/SECSTATE WASHDC 1731
RUEATRS/DEPT OF TREASURY WASHDC
INFO RUCPDOC/USDOC WASHDC
RUEHBK/AMEMBASSY BANGKOK 3384
RUEHBJ/AMEMBASSY BEIJING 5553
RUEHUL/AMEMBASSY SEOUL 8026
RUEHGP/AMEMBASSY SINGAPORE 6580
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RUEHML/AMEMBASSY MANILA 9780
RUEHJA/AMEMBASSY JAKARTA 3910
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RUEHHI/AMEMBASSY HANOI 3116
RUEHBY/AMEMBASSY CANBERRA 4293
RUEHWL/AMEMBASSY WELLINGTON 1544
RUEHHK/AMCONSUL HONG KONG 6768
RUEHGH/AMCONSUL SHANGHAI 0320
RUEHGZ/AMCONSUL GUANGZHOU 9500

UNCLAS SECTION 01 OF 02 TAIPEI 002880 
 
SIPDIS 
 
SIPDIS 
 
STATE PLEASE PASS USTR 
 
STATE FOR EAP/RSP/TC, EAP/EP 
 
USTR FOR ALTBACH 
 
USDOC FOR 3132/USFCS/OIO/EAP/WZARIT 
TREASURY FOR OASIA/LMOGHTADER 
TREASURY PLEASE PASS TO OCC/AMCMAHON 
TREASURY ALSO PASS TO FEDERAL RESERVE/BOARD OF 
GOVERNORS AND SAN FRANCISCO FRB/TERESA CURRAN 
 
E.O. 12958: N/A 
TAGS: EINV EFIN ECON PINR TW
SUBJECT: New Economic and Finance Vice Ministers 
REF: TAIPEI 2634 
 
¶1.  Summary:  Following the promotion of Steve Chen from Ministry of 
Economic Affairs (MOEA) Political Vice Minister to Minister 
(reftel), the Executive Yuan (EY) shifted Shih-Yen Shiang (Note: 
Shih-Yen is his family name.) from MOEA Administrative Vice Minister 
to MOEA Political Vice Minister and transferred Hsieh Fa-dah from 
Political Vice Chairman of the Council for Economic Planning and 
Development to MOEA Administrative Vice Minister.  Shih-Yen will be 
in charge of industrial development, while Hsieh will oversee trade 
and international relations.  The EY also promoted Ministry of 
Finance (MOF) National Treasury Director General Liu Teng-cheng to 
MOF Administrative Vice Minister.  Liu will replace Gordon Chen, who 
was recently designated Chairman of the Taiwan Stock Exchange.  End 
Summary. 
 
Political Vice Minister of MOEA: Shih-Yen Shiang 
--------------------------------------------- --- 
 
¶2.  Shih-Yen, 56, has served as MOEA Administrative Vice Minister 
overseeing industrial policies and technology development for four 
and a half years.  He joined MOEA 20 years ago and served as 
Director General (DG) of the Department of Industrial Technology 
1989-1992, and DG of the Department of Small and Medium Enterprises 
1992-1996 before he was transferred to the Ministry of Finance in 
January 1996.  Four years later, Shih-Yen was transferred back to 
the MOEA to serve as DG of the Industrial Development Bureau. 
Shih-Yen earned a BS in chemistry from National Taiwan University 
(NTU) and a Ph.D. in chemistry from Massachusetts Institute of 
Technology.  He is a devout Buddhist and lives a simple life.  He 
rarely participates in social activities.  He neither smokes nor 
drinks. 
 
Administrative Vice Minister of MOEA: Hsieh Fa-dah 
--------------------------------------------- ----- 
 
¶3.  Hsieh, 56, will replace Shih-Yen as Administrative Vice Minister 
of the MOEA after Shih-Yen is inaugurated as Political Vice 
Minister.  Hsieh has served as Political Vice Chairman of the 
Council for Economic Planning and Development (CEPD) for four and a 
half years.  Former Economic Minister Lin Hsin-I recruited Hsieh 
from the Bureau of Foreign Trade (BOFT) to serve as Secretary 
General of the MOEA.  When promoted to Vice Premier in February 
2002, Lin Hsin-I promoted Hsieh to Political Vice Chairman of the 
CEPD.  Hsieh was appointed as Director of the BOFT's 3rd Department 
(in charge of multilateral and regional issues) in 1997 and promoted 
to Director General of the MOEA's International Cooperation 
Department in 1998.  Prior to 1997, he spent nearly 20 years posted 
to trade offices in foreign countries, including the United States, 
Australia and South Africa.  Hsieh earned a BA in 1973 and an MA in 
1977 both in economics from National Chengchi University. 
 
Administrative Vice Minister of MOF: Liu Teng-cheng 
--------------------------------------------- ------ 
 
¶4.  Liu, 56, will replace Gordon Chen to serve as MOF Administrative 
Vice Minister.  Liu has served as Director General of the National 
Treasury for four years.  His management of state-owned equity 
shares and privatization issues has won praise from both ruling and 
opposition parties.  From November 2000 to April 2002, Liu served as 
Director of the MOF Taxation Training Institute.  Liu worked at the 
Taiwan Provincial Government (TPG) for 26 years until the TPG was 
phased out in late 1999.  He joined TPG as a legal officer in 1974 
and was subsequently promoted to Deputy Commissioner of the 
Provincial Department of Finance (PDF) in 1995, and to Acting PDF 
 
TAIPEI 00002880  002 OF 002 
 
 
Commissioner in 1998.  Liu earned a BBL in 1974 and an MBA in 2002 
from National Taiwan University (NTU).  He is smart but easygoing. 
 
YOUNG