VZCZCXRO6401
RR RUEHGH
DE RUEHIN #0181 0240545
ZNR UUUUU ZZH
R 240545Z JAN 07
FM AIT TAIPEI
TO RUEHC/SECSTATE WASHDC 3847
RUEATRS/DEPT OF TREASURY WASHDC
INFO RUCPDOC/USDOC WASHDC
RUEHBK/AMEMBASSY BANGKOK 3562
RUEHBJ/AMEMBASSY BEIJING 6270
RUEHUL/AMEMBASSY SEOUL 8418
RUEHGP/AMEMBASSY SINGAPORE 6794
RUEHKO/AMEMBASSY TOKYO 8429
RUEHML/AMEMBASSY MANILA 9935
RUEHJA/AMEMBASSY JAKARTA 3996
RUEHKL/AMEMBASSY KUALA LUMPUR 3672
RUEHHI/AMEMBASSY HANOI 3222
RUEHBY/AMEMBASSY CANBERRA 4440
RUEHWL/AMEMBASSY WELLINGTON 1705
RUEHHK/AMCONSUL HONG KONG 7499
RUEHGH/AMCONSUL SHANGHAI 0760
RUEHGZ/AMCONSUL GUANGZHOU 9940

UNCLAS TAIPEI 000181 
 
SIPDIS 
 
SIPDIS 
 
STATE PLEASE PASS USTR 
STATE FOR EAP/RSP/TC, EAP/EP 
USTR FOR ALTBACH and Stratford 
USDOC FOR 3132/USFCS/OIO/EAP/WZARIT 
TREASURY FOR OASIA/LMOGHTADER 
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:  Taiwan's New Central Bank Deputy Governor 
 
 
¶1.  SUMMARY.  Taiwan's Central Bank of China (CBC) will promote 
Foreign Exchange Department (FED) Director General George Chou (Chou 
A-ding)  to be Deputy Governor (DG) in mid-February.  CBC Governor 
Perng Fai-nan's two deputies will now be career central bankers. 
END SUMMARY. 
 
¶2.  An informed source of the CBC confirmed to AIT/T that Chou, 64, 
will be promoted to be DG of the CBC on February 15 when incumbent 
DG Liang Fa-chin, an academic economist, finishes his five-year term 
of office.  Chou, 64, joined the CBC Economic Research Department in 
1967 and was reassigned to the FED in 1971.  He moved up steadily to 
Deputy Director General of the FED in 1992.  He was sent to London 
to serve as Taiwan's first Central Bank representative in May 1997. 
Nine months later, he was promoted to Director General of the FED in 
early March 1998 when an air accident at Taipei's International 
Airport killed then CBC Governor Sheu Yuan-dong and FED Director 
General Cyril Chen. 
 
¶3.  With Chou's promotion, both of the two DGs will be career 
central bankers.  The other incumbent DG (Hsu Yi-hsiung) had worked 
for the CBC Banking Department for a long time before he was 
promoted to DG in 1998. 
 
¶4.  In the past, the CBC Governor has been assisted by a career 
central banker and an economist.  Under this type of organization, 
economists Shea Jia-dong and Hu Sheng-cheng had been DG of the CBC. 
Both Shea and Hu had served as Director of the Institute of 
Economics under Academia Sinica before they were appointed as DG of 
the CBC.  Currently, Shea is Chairman of the state-owned Central 
Trust of China and Hu is Chairman of the Council for Economic 
Planning and Development. 
 
YOUNG