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  Nobel Prize Winner in Economics, Robert Engle Invited by Ted Hong, Beyondbond's President, to Visit Taiwan Financial Supervisory Commission

Taipei, Taiwan, November 27-30, 2005


   
Dr. Ted Hong, Beyondbond's President and CEO, has invited Economics Nobel Prize Winner, Robert Engle, to participate in a road show covering parts of Taiwan and Mainland China. Beginning November 27th, Dr. Engle kicked off the trip with a keynote speech during the 25th anniversary celebration of the Taiwan Academy of Banking and Finance. The audience consisted of prominent members of the business community and academic field, as well as local authorities. During his visit in Taiwan, Dr. Engle met with the President of R.O.C., Mr. Chen Shui-bian and exchanged opinions on cross-strait trade issues and major economic challenges facing Taiwan's economy. These included: the impact of the appreciation of the renminbi with respect to other currencies; the effects of the introduction of foreign capital and the continuing of management control over Chinese state-owned banks; the impact of the movement of "hot money" in and out of the Taiwan economy, particularly that of an influx of capital on the Taiwan stock market; and aspects regarding Taiwan's second-phase financial reform.
   
Dr. Robert Engle Meets President of R.O.C., Mr. Chen Shui-bien

    For more references, please visit:

http://www.president.gov.tw/en/prog/news_release/print.php?id=1105498770
http://w4.stern.nyu.edu/spotlight/faculty_spotlight.cfm?doc_id=3559
   

 





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