| Taiwan’s president-elect, Tsai Ing-wen, is reportedly looking to establish a state-owned investment entity as a means of propelling local innovative industries. Capital for the fund is expected to be raised from local pensions, local sovereign funds and insurance funds.
Ms. Tsai’s financial adviser, Kung Ming-hsin, told local media that the new government would be the entity’s largest shareholder with holdings of about 50%, while local and foreign investors will hold the remainder. Mr. Kung explained that a stated-owned investment vehicle was preferred over a sovereign wealth fund because the latter’s threshold is considered to be too high at amounts of between US$20 billion and $30 billion...............................................Full Article: Source
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