|[October 02, 2013]
NCKU Recruits Chairmen of Financial Holdings to Lead Investment Advisory Committee
TAINAN, Taiwan --(Business Wire)--
"With government finances becoming scarce, education financing in the
future will become difficult," said National Cheng Kung University
(NCKU) Vice President Dr. Chih-Chin Ho when giving remarks at an
appointment ceremony of investment advisory committee recently.
"Adding that Taiwan has a low birthrate which leads to a gradually aging
society, it is estimated that national budget allocated to education is
bound to be reduced gradually too," noted Ho while explaining why
top-tier national universities are heading towards the trend of
NCKU has recruit chairmen from local financial holdings as members of
its investment advisory committee with a view to increase the return on
investment of the university's endowment funds.
Vice President Ho on behalf of President Hwung-Hweng Hwung presented
letters of appointment to Ha Nan Financial Holdings Chairman Teng-Cheng
Liu, First Financial holding Chairman Ching-Nien Tsai, Deutsche Asset
and Wealth Management General Manager Jim Chang, NCKU Department of
Accounting and Department of Finance Professor Dr. Meng-Feng Yen and
NCKU Department of Industrial and Information Management Professor Dr.
The presentation of letter of appointments was then followed by the 1st
meeting where discussions were made on investment plan for the next
Ideas were exchanged on issues such as the amount of investment, asset
allocation, screening of financial instruments and others.
The committee members acknowledged the measure taken by the Ministry of
Finance, Taiwan, to shorten the administrative schedule of the sale of
securities limited by the National Property Act, with the view that this
measure will help enhance investment yield of university endowment funds.
According to Ho, how to make effective use of endowment fund investment
to obtain more funds for university development has become an important
task for NCKU; hence, the university needs the help of experts and
scholars familiar with market mechanisms to achieve this goal in a
volatile economic environment.
He also pointed out that it is an honor to have appointed experts with
strong financial professional background and a great abundance of
experience in investments as members of the NCKU investment advisory
The committee consists of five to seven members, where one-third of the
members appointed, with the approval of NCKU President, must come from
outside the university.
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