| Taiwan's incoming administration is moving to establish a new quasi-sovereign wealth fund with local and overseas cash to finance emerging industries, according to a top adviser to President-elect Tsai Ing-wen.
Under a plan she is now considering, the government will be the largest shareholder in the fund with ownership below 50 per cent, while the rest will be comprised of local and foreign investors, said Kung Ming-Hsin, Ms Tsai's top adviser on industry policy. The fund will help nurture the development of key industries such as biotechnology and smart machinery, he said...............................................Full Article: Source
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