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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Taiwan: DPP caucus slams alleged plans for a sovereign fund

Posted on 21 November 2012

The Democratic Progressive Party (DPP) caucus yesterday demanded that the Ministry of Finance abandon an alleged plan to establish a sovereign fund by combining four government funds, saying that such a fund is unnecessary and risky because of a lack of transparency.
The caucus also reiterated its opposition to a reported plan to invest those government funds in China’s stock market. “Judging from the poor management of various government funds, including the Labor Insurance Fund, we oppose the sovereign-fund plan because the Ma Ying-jeou administration would be unable to manage it well,” DPP Legislator Pan Men-an said……………………………………….Full Article: Source

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