| The ministry is looking for ways to coordinate the actions of Taiwan’s four state funds, diversify their portfolios and boost their efficiency. The Ministry of Finance is to suggest that the Cabinet create a platform to marshal the operations of four state funds to boost their efficiency and profitability so they can better help strengthen the nation’s financial health, Minister of Finance Chang Sheng-ford said.
“The idea is to integrate the four funds into a quasi-sovereign wealth fund [SWF] without needing to revise the law,” Chang said. The funds are the Labor Insurance Fund, Labor Pension Fund, Public Service Pension Fund and postal savings deposits with an aggregate value of more than NT$7 trillion (US$223.34 billion)...............................................Full Article: Source
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