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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment, Market

SWF to be used to develop economy: Taiwan VP

Posted on 15 October 2008

Taiwan Vice President Vincent Siew said that a sovereign wealth fund run by Taiwan would integrate government capital and be used to launch construction projects, develop new industries, and provide temporary assistance to local businesses.

Revisiting an issue that sparked controversy when first suggested by the government on Oct. 1 as a way to stimulate the economy, Siew said at a Rotary International gathering that if a fund were launched by Taiwan, it would differ from those run by other countries…… Full Press Release: Source


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