The president of Lai Ching said that Taiwan will be established by the wealth fund to help the companies expand the global-move – a move that would stretch Taipei links to the market around the world and strike him in China.
“In the future, the government will establish a fund to strengthen Taiwan’s economic development,” Lai said in Taipei on Tuesday, who marked his first year on Tuesday.
He added that the platform will “take full advantage of Taiwanese industrial advantages, and the government took over lead and cooperated with the power of private companies to deploy globally and connect major target markets.” Did not provide more details.
Lai added that trading talks with the US still last and smoothly progress. “That commentary coming after the Trump administration hit Taiwan with 32% duty at export, later paused 90 days as well as officers Try to negotiate agreement.
Lai was the first president of Taiwan to publicly invite a sovereign fund that invests in foreign markets – something many other Asian governments – although officials in previous administrations in Taipei proposed an idea. Plans for the Dovetail Fund with the Government Strategy to expand links to other nations, especially democracies, adding friends who can help contradicts accelerating entries in Chinese aggression.
Beijing affects Taiwan as a transparent province that it is necessary to undertake under control, if necessary, and retained a high military pressure on LAI since he attended the function. In an interview was broadcast on Monday, Nippon Television, Lai called Japan, USA and other democracies to work together to prevent Beijing to start war together.
Lai said in his speech that he was ready to cooperate with China in the principle of equality and dignity. Beijing is unlikely to consider this because it looks at him as a dedicated separatist.
The Central Bank of Taiwana has long been skeptical in creating a sovereign wealth fund that allows it directly from monetary government. Earlier this month, it was said that a special law and an independent agency should be made to manage any fund.
Neighboring Asian countries that receive money by issuing, approved funds or capital contributions by their ministries for finance are pointed out.
If Taiwan went that route, it could in a way of exchanging his foreign exchange reserves, some Chinese and South Korea in some way. Taipei has a forex a bunch of about $ 582.8 billion. Lai did not enter my plans for the fund including the money from there the money.
The Governor of the Central Bank of Yang Chin-Long said that no reserves of the institution would be free, but would be willing to borrow them. He said that people invite such a fund should understand a different way to finance, not to cross the capital from the Central Bank.
Benchmark Tayex The stock meter has risen 0.1% on Tuesday at 13:16, and Taiwan dollar rose almost 0.1% to 30.19 compared to Greenback.
CI Huang, the founder of the Chairman of Taiwan M & A and Private Capital, said that he long supported the idea of a sovereign wealth fund. He said that a reason to raise the idea is now that President Donald Trump has recently been done to focus on high-tech goals, potentially even Taiwan Semiconductor production co., The largest company archipelemo.
Trump said that the American fund can support the huge government funds and used to return strategic projects in areas such as critical minerals or taking roles in companies like ticktok. The idea wasmade a lower priorityAfter moving into legal, financial and political realities.
Huang also said that one challenge of Taiwan’s face in the establishment of the “Taiwan, lacking international investment talent, and for these types of strategic global investments, it would be best to establish an international advisory board.”
This story is originally presented Fortune.com
