Ann Kao holds a commanding lead in the Hsinchu City mayoral race as the incumbent independent, backed by both Kuomintang and Taiwan People’s Party figures after her acquittal on corruption charges and reinstatement in late 2025. This outcome reflects trader consensus on her incumbency advantage, survival of a recall effort, and the split opposition field that includes DPP candidate Chuang Ching-cheng and independent Ho Chih-yung. Recent campaign activity, including education funding pledges, tourism initiatives, and grassroots outreach in markets, has reinforced her position ahead of the November 28 vote. Chuang has received visible DPP support, such as visits from Vice President Hsiao Bi-khim, yet the market pricing indicates limited erosion of Kao’s edge in the final month. The election resolves based on official Central Election Commission results.