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
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]