Taiwan Targets Year-End Draft of Sovereign Wealth Fund Legislation, Plans NT$30B Initial Capital

According to Taiwan's Council of Planning and Development (CEPD), on November 11, officials announced that they are targeting a year-end draft of the dedicated legislation for the sovereign wealth fund. CEPD Director Yeh Chun-hsien stated that the fund should prioritize quality over speed to ensure long-term sustainability.

The initial capital is benchmarked at NT$30 billion (approximately USD $950 million), with funding to come from the central bank or major state funds through compensated mechanisms rather than free allocation. The sovereign wealth fund will focus on overseas strategic integration, including strategic resource acquisition, overseas distribution channels, and cutting-edge technology M&A.

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