Taiwanese politician becomes "stock king" with holdings over $5.8 billion

Taichung City Speaker Chang Ching-chao has emerged as Taiwan's "stock king" among politicians, with his stock and fund holdings totaling over 5.8 billion New Taiwan dollars. This figure surpasses that of Kuomintang legislator Yen Kuan-heng, whose assets were reported at 3.45 billion NT dollars.

According to the latest data from the Control Yuan's Integrity Journal, Chang's wealth includes 28 land parcels, 5 buildings, 227.36 million NT dollars in savings, 300 million NT dollars in debt claims, and jewelry, antiques, and calligraphy valued at approximately 8.43 million NT dollars. His stock portfolio features 2,642.17 shares of GlobalWafers (6488), 14,050 shares of Sino-American Silicon Products (5483), and 5,002.32 shares of P-Gear (8255). Based on closing prices on June 1, these three stocks alone are worth over 5.8 billion NT dollars.

This represents a nearly 30-fold increase from November, when his stock assets were reported at just over 260 million NT dollars. Chang, who has been investing in stocks for decades, is known for his financial acumen. Many elected officials and journalists have sought his advice, with him frequently recommending Sino-American Silicon Products. Despite his new title as "stock king," Chang remained low-key and declined to comment on the matter.