Wu Fengshan Considered for Appointment as Zheng Wencan Resigns as Chairman of Straits Exchange Foundation

Reported about 1 year ago

On July 7, 2024, Zheng Wencan, the chairman of the Straits Exchange Foundation, resigned from his position due to alleged involvement in corruption. In order to avoid impacting the operations of the ruling Democratic Progressive Party, Zheng Wencan officially stepped down from his role. The President's spokesperson, Guo Yahui, stated that President Lai Ching-te respects Zheng Wencan's decision and hopes for a speedy clarification of the facts by the judicial authorities. It is speculated that Wu Fengshan, a non-partisan figure, could be the likely successor. Although there are concerns about the impact of the chairman's appointment on cross-strait relations, the pivotal role remains with President Lai Ching-te.

Source: YAHOO

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