01.10.2008 - Taiwan to set up sovereign wealth fund
From eTaiwannews.com: Vice President Vincent Siew held a financial consultation meeting on Sep 30 and decided to set up a sovereign wealth fund. Under the preliminary planning of the Economic Planning and Development Council, the sovereign wealth fund will draw funds from the national development fund to invest in good-quality enterprises whose stock prices are lower than net worth, invest in the merger of DRAM (Dynamic Random Access Memory) and TFTLCD (Thin Film Transistor Liquid Crystal Display), and conduct overseas investment... Full article: Source
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