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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Stabilization fund to bolster shares for another month

Posted on 16 October 2008

From Taipeitimes.com: The government will continue to intervene in the stock market using the state-owned National Stabilization Fund to support share prices for one more month in view of the global financial crisis, Vice Finance Minister William Tseng said yesterday.

Tseng was speaking at a press conference that followed a meeting of the fund’s management committee led by Vice Premier Paul Chiu. Authorization given by the management committee on Sept. 19 to mobilize the fund was due to end tomorrow, but the mobilization has now been extended to Nov. 17….. Full Article: Source


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