Shih Jun-ji (; born 10 August 1955) is a Taiwanese economist and politician. He served as the second chairman of the Financial Supervisory Commission from 2006 to 2007 after Kong Jaw-sheng was removed from office. Shih served concurrently as Governor of Taiwan Province and minister without portfolio in 2016. Later that year, he was named chair of the Taiwan Stock Exchange. In 2017, he took office as Vice Premier of Taiwan under the Lai cabinet.

Chen Chi-mai Chen Chi-mai (; born December 23, 1964), also known as Comay Chen, is a Taiwanese politician and physician and the current mayor of Kaohsiung since August 24, 2020. He has served as spokesperson of the Democratic Progressive Party and the chief ...

succeeded Shih as vice premier in 2019.

Education

Shih earned his bachelor's degree in business administration from

Fu Jen Catholic University Fu Jen Catholic University (FJU, FJCU or Fu Jen; or ) is a private education, private Catholic university in Xinzhuang District, Xinzhuang, New Taipei City, Taiwan. The university was founded in 1925 in Beijing at the request of Pope Pius XI and ...

in 1978, master's degree in economics from Soochow University in 1980 and Ph.D. in economics from

National Taiwan University National Taiwan University (NTU; zh, t=國立臺灣大學, poj=Kok-li̍p Tâi-oân Tāi-ha̍k, p=, s=) is a National university, national Public university, public research university in Taipei, Taiwan. Founded in 1928 during Taiwan under J ...

in 1984. As a student, he led a demonstration which protested the White Terror, a period of political suppression that began after the 228 Incident of 1947.

Career

After graduation, Shih did research with the

Academia Sinica Academia Sinica (AS, ; zh, t=中央研究院) is the national academy of the Taiwan, Republic of China. It is headquartered in Nangang District, Taipei, Nangang, Taipei. Founded in Nanjing, the academy supports research activities in mathemat ...

, then joined the Fair Trade Commission from 1998 to 2001. He was appointed to the Financial Supervisory Commission in July 2006, and named FSC chairman in August of that year. During Shih's tenure as FSC chairman, the Rebar Chinese Bank filed for bankruptcy protection, which caused a

bank run A bank run or run on the bank occurs when many Client (business), clients withdraw their money from a bank, because they believe Bank failure, the bank may fail in the near future. In other words, it is when, in a fractional-reserve banking sys ...

that led to NT$19 billion in losses and eventual government takeover of the financial institution. The Enterprise Bank of Hualien, independent of Rebar, was also declared insolvent and placed under the purview of the FSC. Shih resigned on 12 January 2007, shortly after the takeover announcement, to take responsibility for the Rebar scandal and was succeeded by Susan Chang on an interim basis, before Hu Sheng-cheng took office. Shih returned to the Academia Sinica's Institute of Social Science after resigning the FSC chairmanship. He was named the economic adviser to

Tsai Ing-wen Tsai Ing-wen (; pinyin: ''Cài Yīngwén''; born 31 August 1956) is a Taiwanese politician and legal scholar who served as the seventh president of the Republic of China (Taiwan) from 2016 to 2024. A member of the Democratic Progressive Party ...

's 2016 presidential campaign. Shortly before she won the election, the US-China Economic and Security Review Commission reported that Shih could be chosen as a financial adviser in Tsai's administration. Tsai's premier Lin Chuan selected Shih as a minister without portfolio in April 2016. Shih was in charge of economic and communications policies, and led trade negotiations. He was named chairman of the Taiwan Stock Exchange in June 2016 and assumed the position on July 1. Shih succeeded Lin Hsi-yao as vice premier of the Republic of China in September 2017. He was appointed to the office by William Lai, who replaced Lin Chuan as premier. Shih stepped down from the vice premiership when the Lai cabinet resigned, and was replaced by

. Shih became an adviser to the

National Security Council A national security council (NSC) is usually an executive branch governmental body responsible for coordinating policy on national security issues and advising chief executives on matters related to national security. An NSC is often headed by a n ...

. On 20 May 2020, Shih was named chairman of the Taiwan Asset Management Corporation, a position that had remained vacant after the December 2018 resignation of Lin Mei-chu.

Notes

References

{{DEFAULTSORT:Shih, Jun-ji 1955 births Living people 20th-century Taiwanese economists Politicians of the Republic of China on Taiwan from Changhua County Vice premiers of the Republic of China on Taiwan National Taiwan University alumni Chairpersons of the Taiwan Provincial Government Fu Jen Catholic University alumni Soochow University (Taiwan) alumni 21st-century Taiwanese economists