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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Taiwan’s financial officials reject sovereign wealth fund plan

Posted on 07 October 2008

From Etaiwannews.com: A meeting of top government finance officials failed yesterday to reach an agreement on a proposal to set up a sovereign wealth fund to boost the economy. The idea for a sovereign wealth fund came out of an economic panel meeting chaired by Vice President Vincent Siew on Tuesday.

The project received new impetus when Vice Premier Paul Chiu said yesterday morning that such a fund would benefit Taiwan’s economy, though he cautioned that it was even more important to find a transparent way of managing it.However, a meeting hosted by the cabinet-level Council for Economic Planning and Development yesterday afternoon came to the conclusion that it was not necessary yet to come up with such a fund….. Full Article: Source


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