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Health minister resigns over premium dispute

Department of Health Minister Yaung Chih-liang (楊志良) tendered his resignation in a shock move yesterday, saying he could not fulfill Premier Wu Den-yih’s (吳敦義) request that 75 percent of the insured be exempted from a proposal to increase national health insurance premiums.

Wu rejected Yaung’s resignation late last night, however. Executive Yuan spokesman Johnny Chiang (江啟臣) said the premier hoped Yaung would stay in the position.

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China sees bank risks in local-government financing

Chinese central bank Governor Zhou Xiaochuan (周小川) said that local-government financing vehicles using land as collateral may pose risks for the nation’s banks.

“When land prices rise, there may be over-valuation of land,” Zhou said at a press briefing in Beijing yesterday. “In the future, if land prices fall, there may be a difference in the assessment of the loan.”

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Newsflash

A visit to Taiwan by Chinese Vice Minister of Public Security Chen Zhimin (陳智敏) and his delegation earlier this month was shrouded in secrecy and intentionally unpublicized, even as talks were held with senior government officials, an investigation by the Taipei Times showed yesterday.

Chen, who is believed to be the second-highest-ranking Chinese official to visit the nation in the past 12 years in an official capacity, was in Taipei from Sept. 13 through Sept. 18 and met representatives from the Ministry of the Interior, the Mainland Affairs Council (MAC), the Coast Guard Administration (CGA) and the Ministry of Justice.