| The incoming administration is moving to establish a new quasi-sovereign wealth fund with local and overseas cash to finance emerging industries, a top adviser to president-elect Tsai Ing-wen said.
According to a plan she is considering, the government would be the largest shareholder in the fund, with ownership at less than 50 percent, while the rest would be comprised of local and foreign investors, said Kung Ming-hsin , Tsai’s top adviser on industry policy. The fund would help nurture the development of key industries such as biotechnology and smart machinery, Kung said...............................................Full Article: Source
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