Hsieh Sam-Chung, who was born in 1919 in Meixian, Guangdong Province, obtained his master’s degree from the National Central University in Taiwan and his doctorate in agricultural economics at the University of Minnesota in 1957. After graduation from the University, he was a lecturer at National Taiwan University and National Chung Hsing University.
Beginning in 1965, Hsieh worked for Asian Development Bank at their headquarters in the Philippines, while simultaneously working as a visiting professor at National University of the Philippines. In 1981, he returned to his previous employer, Executive Yuan in Taiwan, to serve as the vice president of the Economic Construction Committee. In July 1983, he became the Chairman of the Board of Jiaotong Bank and in August 1983 the Trustee of Central bank. In 1989, he became the president of the Central Bank. After retiring, Hsieh had a number of honorary positions and travelled around the world to give speeches. In 1990 he received the University of Minnesota’s Outstanding Achievement Award.