Stabilization fund authorized for intervention in financial markets

Radio Taiwan International
Date: 20 March, 2020
By: Shirley Lin

Finance minister Su Jain-rong (left)

Finance Minister Su Jain-rong says that the National Financial Stabilization Fund has been authorized to intervene in Taiwan’s financial markets if necessary.

The fund’s management committee authorized a stabilization fund of NT$500 billion (US$17 billion) Thursday after several days of turmoil on international stock markets due to the COVID-19 pandemic.    [FULL  STORY]

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