TAIPEI (TVBS News) — Taiwan's ambitious plan to establish a sovereign wealth fund took a step forward Thursday (May 22) as officials outlined its investment strategy and relationship to existing financial mechanisms. Deputy Minister Kao Shien-quey (高仙桂) of the National Development Council (NDC, 國發會), Taiwan's top economic planning body, explained that the fund proposed by President Lai Ching-te (賴清德) would pursue financial, strategic, and hybrid investment approaches while complementing the existing National Development Fund.
During a Legislative Yuan's (立法院) Economic Committee session, Democratic Progressive Party (DPP, 民進黨) Legislator Chiu Yi-ying (邱議瑩) pressed officials for details on the sovereign fund's development timeline. Her questioning focused on whether Taiwan might adopt successful models from regional neighbors like Singapore or South Korea, and how the new entity would establish a distinct role from the long-established National Development Fund (國發基金).
In response, Deputy Minister Kao emphasized that Taiwan would carefully analyze international political and economic landscapes before finalizing the fund's structure and operational framework. "Many topics remain under discussion," she acknowledged, indicating that final decisions about the sovereign fund's scope and governance would ultimately require approval from the Executive Yuan (Taiwan's cabinet) before implementation can begin. ◼
