Introduction of San-San-Fe
About The Third Wednesday Club (San San Fe)
During his tenure both as Minister of the Ministry of Economic Affairs and as Chairman of the Council for Economic Planning and Development in late 1990s, Dr. Pinkung Chiang worked actively to promote concerted efforts between the government and the business community so as to successfully meet the challenges of accomplishing Taiwan’s economic transformation and industrial restructuring. Under the guidance of relevant government agencies and with the support of the private sector, the Third Wednesday Club was formally established in Taipei in July, 1999. Dr. Chenfu Koo, then the most prominent and venerable business leader in the country, was elected Chairman of the new business organization. Three other highly influential business leaders were elected Vice Chairmen, including the Chairman of the Chinese National Association of Industry and Commerce, Dr. Jeffrey L.S. Koo, who subsequently became Chairman of the Club. Since the establishment of the Club, Dr. Pinkung Chiang was named its Honorary Advisor, a position he continued to hold while serving as Vice President of the Legislative Yuan and Chairman of the Straits Exchange Foundation later on. Over the years, the Third Wednesday Club had become a well-established and foremost business organization in Taiwan, making tremendous contributions to the expansion of economic interaction between Taiwan and other countries, particularly Japan and mainland China.
The present Chairman of the Club is Dr. Pinkung Chiang, Chairman of Chinatrust Tokyo Star Bank. The vice chairmen are Mr. Shengxiong Hsu, Chairman of Kinpo Group; Mr. Bofeng Lin, Chairman of Taiwanglass; and Mr. Chihchiang Hu, Vice Chairman of Want Want Group. Currently, the Third Wednesday Club boasts of 69 Taiwan’s leading business conglomerates as regular members and 35 famous enterprises as sponsor members. The combined annual revenues of all the member companies of the Club stand in excess of USD 588 billion. Building on such a preeminent membership profile, all the members of the Club will work jointly in the endeavor to promote international economic cooperation and boost domestic business growth for the benefits of the society and the country as a whole.
- To foster and strengthen fellowship and friendship among members
- To promote international business exchange and interaction aiming at forging strategic alliances between local and foreign enterprises
- To enhance and upgrade the know-how and skills in conducting international investment and trade activities for the furtherance of international economic cooperation
1.Monthly Lunch Meeting
As a rule, a lunch meeting is held on the third Wednesday of each month, hence the Club’s name “The Third Wednesday Club”. In addition to fostering and strengthening fellowship and friendship among members, the monthly lunch meeting also serves as a platform for senior government leaders from various ministries to elaborate on government policies, current economic condition and global situation, providing guidance for the private sector’s business development. On the other hand, member enterprises of the Club may also take the opportunity to make propositions and policy recommendations directly to the government. Furthermore, renowned scholars and experts from abroad and at home are regularly invited to give special addresses diagnosing economic problems faced by Taiwan and prescribing measures to cope with international economic trends for the Club members’ information and adoption.
To help its members explore more opportunities for conducting international business cooperation with foreign companies, the Club had organized 30 huge trade missions and 2 smaller business delegations to visit 48 big business conglomerates, 12 large economic institutes, and 3 major industrial zones in Japan. During the visits, a series of seminars and meetings were arranged for club members to directly discuss business and exchange views with their Japanese counterparts. The practical and efficient approach has received positive response and favorable comments from Japan’s business community and won recognition and reputation for the Club.
Under the dynamic and sagacious leadership of Dr. Jeffrey L.S. Koo, the Club since 2002 has started to send missions to visit big business groups and large industrial zones in Beijing, Shanghai, Chongqing, Liaoning, trying to tap into the increasingly growing economic prosperity of mainland China. During a visit to Beijing in 2008, the Club entered into an MOU on economic cooperation with the Capital Enterprise Association, which is the city’s largest business organization. Following a successful mission to visit the 2010 Shanghai World Expo, the Club entered into an MOU with the Shanghai Federation of Economic Organization in 2011. As the Club’s new Chairman, Dr. P. K. Chiang joined Mr. Zhongyu Wang, President of the China Enterprise Confederation, to ink an MOU in Taipei in December 2012. In addition, the Club singed an MOU respectively with Zhejiang Federation of Industry and Commerce in Wenzhou City in June 2013 and with the WASEDA University in Japan in October the same year. The Club also signed the Strategic Partnership Framework Agreement in Taipei with Eco-Forum Global of Guaychou Province and MOU with Min-Tai Economic Cooperation Committee in November 2014, signed an MOU with 5 economic groups in Shizuoka Ken in Novmber 2015. Furthermore, as recently as March 2016, the Club signed the MOU with Osaka Chamber of Commerce and Industry and Kyoto Chamber of Commerce and Industry. Futhermore, as December 2016, the Club signed the MOU with Kyushu New Business Conferrence.
1. Criteria for Regular Members
a.Top 100 domestic business conglomerates ranked by China Credit Information Services Ltd.
b.Business Conglomerates with a solid and sound financial structure
c.Enthusiastically and proactively involved in promoting international economic affairs
Business conglomerates that meet the afore-mentioned requirements may apply for admission as regular member and shall be formally adopted as so after official approval by the Club’s Board of Directors Meeting and upon full payment of membership dues.
Each regular member shall appoint two senior executives who are currently holding or previously held the position as or above President or CEO to act as representatives.
2. Criteria for Sponsor Members
a.Enterprises or individuals meeting any of the following requirements:
i.Domestic enterprises listed on TSEC or GTSM
ii.Enterprises engaged in industries targeted and supported by the government for priority development
iii.Reputed foreign enterprises officially registered in Taiwan
iv.Other enterprises or individuals deemed as beneficial to the development of the Club and approved by the Board of Directors
b. Enterprises with a solid and sound financial structure
Enterprises or individuals that meet the foregoing two criteria may apply for admission as sponsor member through the recommendation of two Club members and shall be formally adopted as so after official approval by the Club’s Board of Directors Meeting and upon full payment of membership dues. Each sponsor member shall appoint a senior executive who is currently holding the position as or above President or CEO to act as representative.