
Sovereign Wealth Fund Revisited
Debate continues over the merits of creating a government-run investment fund for Taiwan. Taiwan’s foreign exchange reserves came to US$564.8 billion as of the end of June, reportedly the world’s sixth-largest forex holdings after China, Japan, Switzerland, India, and Russia. In 2020, when those reserves totaled a “mere” US$480 billion, AmCham’s Taiwan White Paper encouraged…