Taiwan Ratings Corp (中華信評), the local arm of Standard & Poor’s Ratings Services (S&P), appointed Chang Hwa-ping (張華平) as its president and CEO on Friday, replacing outgoing president Eddy Yang (楊鎮龍), its press statement said yesterday.
“Chang’s appointment reflects S&P’s commitment to further strengthening operations in Taiwan,” the statement said.
Chang, who brings knowledge of the debt markets in Japan, Hong Kong and Taiwan, is expected to help develop the nation’s debt market while better serving local investors, it said.
In the past decade, S&P and Taiwan Ratings have been instrumental in building a strong credit culture in Taiwan, thereby supporting the growth of the country’s robust bond market, Chew Ping (周彬), managing director and head of S&P in Greater China, was quoted as saying in the statement.
Taiwan Ratings, which has rated NT$52.2 billion (US$1.6 billion) of debt issuance this year, expects Chang to help the firm meet the increasingly sophisticated needs of the local market, including securitization, while working closely with S&P to service growing cross-strait investment flow, he added.
Chang was involved in Tokyo’s securitization market in senior positions at various global financial institutions before participating in the introduction of structured products in the domestic market as head of the trust department at the Industrial Bank of Taiwan (台灣工銀). Prior to Taiwan Ratings, Chang was managing director of Hong Kong-based Wachovia Securities (美聯證券) and responsible for the growth and development of Wachovia’s structured finance business in Asia.
With its analytical expertise and local presence, Taiwan Ratings has seen robust growth despite intense competition, said Chang Yu-tsung (張毓宗), executive managing director and head of S&P in the Asia-Pacific region.
“The next phase for Taiwan Ratings is to become part of the increasing integration of the region’s growing financial market activity,” he added.
TECH BOOST: New TSMC wafer fabs in Arizona are to dramatically improve US advanced chip production, a report by market research firm TrendForce said With Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) pouring large funds into Arizona, the US is expected to see an improvement in its status to become the second-largest maker of advanced semiconductors in 2027, Taipei-based market researcher TrendForce Corp (集邦科技) said in a report last week. TrendForce estimates the US would account for a 21 percent share in the global advanced integrated circuit (IC) production market by 2027, sharply up from the current 9 percent, as TSMC is investing US$65 billion to build three wafer fabs in Arizona, the report said. TrendForce defined the advanced chipmaking processes as the 7-nanometer process or more
China’s Huawei Technologies Co (華為) plans to start mass-producing its most advanced artificial intelligence (AI) chip in the first quarter of next year, even as it struggles to make enough chips due to US restrictions, two people familiar with the matter said. The telecoms conglomerate has sent samples of the Ascend 910C — its newest chip, meant to rival those made by US chipmaker Nvidia Corp — to some technology firms and started taking orders, the sources told Reuters. The 910C is being made by top Chinese contract chipmaker Semiconductor Manufacturing International Corp (SMIC, 中芯) on its N+2 process, but a lack
Who would not want a social media audience that grows without new content? During the three years she paused production of her short do-it-yourself (DIY) farmer’s lifestyle videos, Chinese vlogger Li Ziqi (李子柒), 34, has seen her YouTube subscribers increase to 20.2 million from about 14 million. While YouTube is banned in China, her fan base there — although not the size of YouTube’s MrBeast, who has 330 million subscribers — is close to 100 million across the country’s social media platforms Douyin (抖音), Sina Weibo (新浪微博) and Xiaohongshu (小紅書). When Li finally released new videos last week — ending what has
OPEN SCIENCE: International collaboration on math and science will persevere even if the incoming Trump administration imposes strict controls, Nvidia’s CEO said Nvidia Corp CEO Jensen Huang (黃仁勳) said on Saturday that global cooperation in technology would continue even if the incoming US administration imposes stricter export controls on advanced computing products. US president-elect Donald Trump, in his first term in office, imposed restrictions on the sale of US technology to China citing national security — a policy continued under US President Joe Biden. The curbs forced Nvidia, the world’s leading maker of chips used for artificial intelligence (AI) applications, to change its product lineup in China. The US chipmaking giant last week reported record-high quarterly revenue on the back of strong AI chip
RSS