# Hu Sheng-cheng

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{{Short description|Taiwanese economist and game theorist (1940–2018)}}
{{family name hatnote|[Hu](/source/Hu_(surname))|lang=Chinese}}
{{Infobox officeholder
| name                = Hu Sheng-cheng
| native_name         = {{no bold|胡勝正}}
| native_name_lang    = zh-tw
| image               = 胡勝正 Academia Sinica Portrait.jpg
| alt                 = 
| caption             = 
| office              = Chairperson of [Financial Supervisory Commission](/source/Financial_Supervisory_Commission_(Taiwan))
| term_start          = 25 January 2007
| term_end            = 1 July 2008
| predecessor         = [Shih Jun-ji](/source/Shih_Jun-ji)<br/>[Susan Chang](/source/Susan_Chang) {{small|(acting)}}
| successor           = [Gordon Chen](/source/Gordon_Chen_(politician))
| order1              = 
| office1             = Minister of the [Council for Economic Planning and Development](/source/Council_for_Economic_Planning_and_Development)
| term_start1         = 20 May 2004
| term_end1           = 21 May 2007
| predecessor1        = [Lin Hsin-i](/source/Lin_Hsin-i)
| successor1          = [Ho Mei-yueh](/source/Ho_Mei-yueh)
| birth_date          = {{birth date|1940|8|5|df=y}}
| death_date          = {{death date and age|2018|7|10|1940|8|5|df=y}}
| birth_place         = [Taihoku Prefecture](/source/Taihoku_Prefecture), [Japanese Taiwan](/source/Taiwan_under_Japanese_rule) (today [Yilan County](/source/Yilan_County%2C_Taiwan), [Taiwan](/source/Taiwan)
| death_place         = [Zhongzheng](/source/Zhongzheng_District), [Taipei](/source/Taipei), [Taiwan](/source/Taiwan)
| education           = [National Taiwan University](/source/National_Taiwan_University) ([BA](/source/Bachelor_of_Arts))<br/>[University of Rochester](/source/University_of_Rochester) ([MA](/source/Master_of_Arts), [PhD](/source/PhD))
}}

'''Hu Sheng-cheng''' ({{lang-zh|t=胡勝正|p=Hú Shèngzhèng}}; 5 August 1940 – 10 July 2018) was a Taiwanese economist and [game theorist](/source/game_theorist). He led the [Council for Economic Planning and Development](/source/Council_for_Economic_Planning_and_Development) from 2004 to 2007 and the [Financial Supervisory Commission](/source/Financial_Supervisory_Commission_(Taiwan)) from 2007 to 2008.

==Early life and education==
Hu was born in [Yilan County](/source/Yilan_County%2C_Taiwan) on August 5, 1940, during the [Japanese rule of Taiwan](/source/Japanese_rule_of_Taiwan). After graduating from [National Yilan Senior High School](/source/National_Yilan_Senior_High_School), he studied economics at [National Taiwan University](/source/National_Taiwan_University) and graduated with a bachelor's degree in 1962.<ref>{{cite news |title=2004 honorary degree: Sheng-Cheng Hu |url=https://www.purdue.edu/uns/html3month/2004/04hondocs/04.Hu.html |accessdate=2 May 2019 |publisher=Purdue University |date=2004}}</ref> He then completed military service in the [Republic of China Armed Forces](/source/Republic_of_China_Armed_Forces) and pursued graduate studies in the United States at the [University of Rochester](/source/University_of_Rochester), where he earned a master's degree in economics in 1967 and his [Ph.D.](/source/Ph.D.) in economics in 1970 specializing in [game theory](/source/game_theory).<ref name="hsfscappt">{{cite news|title=Hu appointed chairman of FSC|url=http://www.taipeitimes.com/News/biz/archives/2007/01/26/2003346453|accessdate=23 March 2016|date=26 January 2007|work=Taipei Times}}</ref><ref>{{Cite web |title=Sheng-Cheng Hu - The Mathematics Genealogy Project |url=https://www.mathgenealogy.org/id.php?id=254873 |access-date=2025-05-08 |website=www.mathgenealogy.org}}</ref> His doctoral dissertation was titled, "Technical progress and optimal growth."<ref>{{Cite book |last=Hu |first=Sheng Cheng |url=https://cir.nii.ac.jp/crid/1130282272790631040 |title=Technical progress and optimal growth |date=1970 |publisher=Xerox University Microfilms}}</ref>

== Academic career ==
Hu remained in the United States, and began a teaching career at [Purdue University](/source/Purdue_University) in 1968.<ref>{{cite book|last1=Norberg|first1=John|title=Three Tigers and Purdue|date=1999|publisher=Purdue University Press|isbn=9780931682766|page=220|url=https://books.google.com/books?id=RSBTE1YTpKoC&pg=PA220}}</ref> While working in the U.S., Hu authored a pair of reports to the [Social Security Administration](/source/Social_Security_Administration).<ref>{{cite news |title=Research & Analysis by Sheng Cheng Hu |url=https://www.ssa.gov/policy/authors/HuShengCheng.html |accessdate=2 May 2019}}</ref> Hu returned to Taiwan in 1996, teaching at NTU and holding a concurrent appointment at the [Academia Sinica](/source/Academia_Sinica) until 2001.<ref>{{cite news|title=Sheng-Cheng Hu|url=http://www.econ.sinica.edu.tw/english/content/researcher/contents/2013112916162826972/?MSID=2013112916161789113|accessdate=24 March 2016|publisher=Academia Sinica}}</ref>

==Political career==
Hu was appointed a minister without portfolio by premier [Chang Chun-hsiung](/source/Chang_Chun-hsiung) in 2001 and had oversight of financial policies.<ref>{{cite news|last1=Huang|first1=Joyce|title=Four new Cabinet officials appointed|url=http://www.taipeitimes.com/News/front/archives/2001/03/06/0000076348|accessdate=15 August 2017|work=Taipei Times|date=6 March 2001}}</ref><ref>{{cite news|last1=Kearns|first1=Patrick|title=Veteran economist aims to boost ailing economy|url=http://www.taipeitimes.com/News/front/archives/2001/03/06/0000076350|accessdate=15 August 2017|work=Taipei Times|date=6 March 2001}}</ref> Hu was retained by Chang's successor [Yu Shyi-kun](/source/Yu_Shyi-kun) when Yu took office in February 2002.<ref>{{cite news|last1=Huang|first1=Joyce|title=Yu unveils final appointments to 'combative Cabinet'|url=http://www.taipeitimes.com/News/front/archives/2002/01/25/0000121349/2|accessdate=15 August 2017|work=Taipei Times|date=25 January 2002}}</ref> Later that year, Yu initiated a six-year development plan devoted to promotion of environmentally friendly industries.<ref>{{cite news|last1=Ko|first1=Shu-ling|title=Government's six-year plan to develop a 'green silicon island' divides critics|url=http://www.taipeitimes.com/News/taiwan/archives/2002/05/13/0000135830|accessdate=15 August 2017|work=Taipei Times|date=13 May 2002}}</ref> He placed Hu in charge of research and development, high value-added industry, and the establishment of an operation center.<ref>{{cite news|last1=Ko|first1=Shu-ling|title=Development plan finds support|url=http://www.taipeitimes.com/News/taiwan/archives/2002/05/09/0000135267|accessdate=15 August 2017|work=Taipei Times|date=9 May 2002}}</ref> Upon the resignation of finance minister [Lee Yung-san](/source/Lee_Yung-san) in November, Hu was considered a potential successor.<ref>{{cite news|last1=Ko|first1=Shu-ling|title=Premier asks for time to fill positions|url=http://www.taipeitimes.com/News/front/archives/2002/11/26/0000184776|accessdate=15 August 2017|work=Taipei Times|date=26 November 2002}}</ref><ref>{{cite news|last1=Huang|first1=Joyce|title=Financial-sector reforms must go on|url=http://www.taipeitimes.com/News/biz/archives/2002/11/26/0000184839|accessdate=15 August 2017|work=Taipei Times|date=26 November 2002}}</ref> In 2004, he was named the head of the [Council for Economic Planning and Development](/source/Council_for_Economic_Planning_and_Development), in addition to his duties as minister without portfolio.<ref name="interview">{{cite news|last1=Huang|first1=Joyce|title=Planner says firms need deregulation|url=http://www.taipeitimes.com/News/biz/archives/2004/06/07/2003174146/1|accessdate=23 March 2016|work=Taipei Times|date=7 June 2004}}</ref> After the resignation of [Shih Jun-ji](/source/Shih_Jun-ji) in January 2007, Hu was selected to chair the [Financial Supervisory Commission](/source/Financial_Supervisory_Commission_(Taiwan)).<ref>{{cite news|last1=Shih|first1=Hsiu-chuan|title=Cabinet unveils reshuffle details|url=http://www.taipeitimes.com/News/front/archives/2007/01/26/2003346358|accessdate=23 March 2016|work=Taipei Times|date=26 January 2007}}</ref> He stepped down in July 2008, and was replaced by [Gordon Chen](/source/Gordon_Chen_(politician)).<ref>{{cite news|last1=Hsu|first1=Crystal|title=New FSC chairman takes office|url=http://www.taipeitimes.com/News/biz/archives/2008/07/02/2003416273|accessdate=23 March 2016|work=Taipei Times|date=2 July 2008}}</ref>

Hu later returned to the [Academia Sinica](/source/Academia_Sinica) as a research fellow.<ref>{{cite news|last1=Su|first1=Amy|title=Asia may save global economy: Liu|url=http://www.taipeitimes.com/News/biz/archives/2011/08/06/2003510025|accessdate=23 March 2016|work=Taipei Times|date=6 August 2011}}</ref> He was an adviser to [Wellington Koo](/source/Wellington_Koo_(politician%2C_born_1958))'s 2014 Taipei mayoral campaign.<ref>{{cite news|last1=Chen|first1=Ching-min|last2=Chung|first2=Jake|title='Hsichih Trio' supports Wellington Koo|url=http://www.taipeitimes.com/News/taiwan/archives/2014/01/17/2003581494|accessdate=15 August 2017|work=Taipei Times|date=17 January 2014}}</ref> In August 2016, Hu assumed the chairmanship of the [Chung-Hua Institution for Economic Research](/source/Chung-Hua_Institution_for_Economic_Research).<ref>{{cite news|last1=Hsu|first1=Crystal|title=Hu Sheng-cheng takes helm at CIER|url=http://www.taipeitimes.com/News/biz/archives/2016/08/03/2003652327|accessdate=15 August 2017|work=Taipei Times|date=3 August 2016}}</ref> He fell ill that same year,<ref>{{cite news |last1=Liao |first1=Yu-yang |last2=Kao |first2=Evelyn |title=Renowned economist Hu Sheng-cheng dies |url=http://focustaiwan.tw/search/201807110015.aspx |accessdate=13 July 2018 |agency=Central News Agency |date=11 July 2018}}</ref> and died of pulmonary calcification at [National Taiwan University Hospital](/source/National_Taiwan_University_Hospital) on 10 July 2018, aged 77.<ref>{{cite news |last1=Hsu |first1=Crystal |title=CIER chairman Hu Sheng-cheng dies at age 77 |url=http://www.taipeitimes.com/News/biz/archives/2018/07/12/2003696501 |accessdate=13 July 2018 |work=Taipei Times |date=12 July 2018}}</ref>

==References==
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{{DEFAULTSORT:Hu, Sheng-cheng}}
Category:1940 births
Category:2018 deaths
Category:20th-century Taiwanese economists
Category:University of Rochester alumni
Category:Academic staff of the National Taiwan University
Category:Government ministers of Taiwan
Category:Purdue University faculty
Category:National Taiwan University alumni
Category:Politicians of the Republic of China on Taiwan from Yilan County, Taiwan
Category:21st-century Taiwanese economists

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Adapted from the Wikipedia article [Hu Sheng-cheng](https://en.wikipedia.org/wiki/Hu_Sheng-cheng) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Hu_Sheng-cheng?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.