Shih Jun-ji (; born 10 August 1955) is a Taiwanese economist. 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 The Taiwan Stock Exchange Corporation (TWSE; ) is a financial institution, located in Taipei 101, in Taipei, Taiwan. The TWSE was established in 1961 and began operating as a stock exchange on 9 February 1962. It is regulated by the Financial S ...

. In 2017, he took office as

Vice Premier of the Republic of China The Vice Premier of the Republic of China () serves as the deputy to the premier and is appointed by the president, on the recommendation of the Premier. The title of vice premier had been changed several times, so this list is divided into se ...

Chen Chi-mai Chen Chi-mai (; born December 23, 1964) is a Taiwanese politician and the current Mayor of Kaoshiung since August 24, 2020. He has served as spokesperson of the Democratic Progressive Party and the chief executive officer of its Policy Research ...

succeeded Shih as vice premier in 2019.

Education

Shih obtained 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 Catholic university in Xinzhuang, New Taipei City, Taiwan. The university was founded in 1925 in Beijing at the request of Pope Pius XI and re-established in Taiwan in 1961 at ...

in 1978, master's degree in economics from Soochow University in 1980 and doctoral degree in economics from

National Taiwan University National Taiwan University (NTU; ) is a public research university in Taipei, Taiwan. The university was founded in 1928 during Japanese rule as the seventh of the Imperial Universities. It was named Taihoku Imperial University and served d ...

in 1984. As a student, he led a demonstration which protested the

White Terror White Terror is the name of several episodes of mass violence in history, carried out against anarchists, communists, socialists, liberals, revolutionaries, or other opponents by conservative or nationalist groups. It is sometimes contrasted wit ...

, 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, la, 1=Academia Sinica, 3=Chinese Academy; ), headquartered in Nangang, Taipei, is the national academy of Taiwan. Founded in Nanking, the academy supports research activities in a wide variety of disciplines, ranging from ...

, 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 clients withdraw their money from a bank, because they believe the bank may cease to function in the near future. In other words, it is when, in a fractional-reserve banking system (where banks no ...

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 Susan is a feminine given name, from Persian "Susan" (lily flower), from Egyptian '' sšn'' and Coptic ''shoshen'' meaning "lotus flower", from Hebrew ''Shoshana'' meaning "lily" (in modern Hebrew this also means "rose" and a flower in general), ...

on an interim basis, before

Hu Sheng-cheng Hu Sheng-cheng (; 5 August 1940 – 10 July 2018) was a Taiwanese economist. He led the Council for Economic Planning and Development from 2004 to 2007 and the Financial Supervisory Commission from 2007 to 2008. Academic career Hu studied econ ...

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 (; born 31 August 1956) is a Taiwanese politician serving as president of the Republic of China (Taiwan) since 2016. A member of the Democratic Progressive Party (DPP), Tsai is the first female president of Taiwan. She served as ...

'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 Lin Chuan (; born 13 December 1951) is a Taiwanese economist and politician who served as Premier of the Republic of China (Taiwan) from 2016 to 2017 under President Tsai Ing-wen. He served as Minister of Budget, Accounting and Statistics and M ...

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

in June 2016 and assumed the position on July 1. Shih succeeded

Lin Hsi-yao Lin Hsi-yao (; born 25 December 1961) is a Taiwanese politician. Early life Lin studied civil engineering at National Taiwan University, where he earned a bachelor's and degree and a master's degree in the subject in 1983 and 1990, respectively ...

as vice premier of the Republic of China in September 2017. He was appointed to the office by

William Lai William Lai Ching-te (; born 6 October 1959) is a Taiwanese politician who has been the Vice President of the Republic of China (Taiwan) since 2020. He served as a legislator in the Legislative Yuan from 1999 to 2010, and as Mayor of Tainan from ...

, who replaced

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 na ...

. 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.

References

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