Hung Chi-chang Elected as SEF Chairman
(Taiwan Economic News Via Thomson Dialog NewsEdge) Taipei, July 13, 2007 (CENS)--The board of directors and supervisors of the Straits Exchange Foundation (SEF) elected Hung Chi-chang, ruling DPP (Democratic Progressive Party) legislator, as its chairman at a provisional meeting yesterday (July 12), filling the vacancy left by Premier Chang Chun-hsiung. Hung expressed upon his election that in the future SFE will step up its services for Taiwanese businesses and people on the two sides of the Taiwan Strait, in addition to playing the role as a think tank for cross-Strait relationship development. Hung was elected despite opposition of advocates of Taiwan independent movement, Taiwan Solidarity Union, and even Lai Yi-chung, a SEF board director and director of the Chinese affairs department of DPP, due to Hung's support for a proposal lifting the 40% investment ceiling of book value for investments by domestic enterprises in China. Following proposal of the "two nation (Taiwan and China)" statement by former President Lee Teng-hui in 1999, China severed exchanges between its Association for Relations Across the Taiwan Straits (ARATS) and SEF, thereby depriving the latter's function as a channel for cross-Strait negotiation and communication and leaving it only with the administrative functions of official-document certification and emergent relief for Taiwanese in China, in addition to being a bridge for communication between Taiwanese businesses in China and the Taiwanese government.
Copyright 2007 China Economic News Service (CENS), Source: The Financial Times Limited
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