Ministry mulling ‘quasi’ sovereign wealth fund

MORE UNIFIED MANAGEMENT:The ministry is looking for ways to coordinate the actions of Taiwan’s four state funds, diversify their portfolios and boost their efficiency

Taipei Times
Date: Jul 21, 2015
By: Crystal Hsu  /  Staff reporter

The Ministry of Finance is to suggest that the Cabinet create a platform to marshal the operations of four state funds to boost their efficiency and profitability so they can better help strengthen the nation’s financial health, Minister of Finance Chang Sheng-ford (張盛和) said yesterday.

“The idea is to integrate the four funds into a quasi-sovereign wealth fund [SWF] without needing to revise the law,” Chang said by telephone.     [FULL  STORY]

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