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

Taiwan: National Development Fund to top $30 bln

Posted on 24 October 2008

From Chinapost.com.tw: Chen Tain-jy, chairman of the Council for Economic Planning and Development (CEPD), announced that the National Development Fund (NDF) would top NT$1 trillion (US$30 billion).

Altogether, NT$800 billion would be raised to expand the NDF, which has intervened in the Taipei stock market to stop the bear in the impending financial crisis. ….. Full Article: Source


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