A new investment plan aims to channel over NT$30 trillion (more than US$921 billion) of overseas insurance funds back to Taiwan. Premier Cho Jung-tai (卓榮泰) discussed the plan during a media gathering on Wednesday.
The funds will be invested in long-term care, urban renewal, new technological innovation, and other critical industries for national strategic development. The plan's specifics will be outlined at Thursday's first economic development council meeting.
Premier Cho says that, in addition to the current three major programs for investing in Taiwan, this new initiative seeks to attract global talent and capital, steering resources toward strategic national goals. Cho emphasized the need for mechanisms to guide funds back into crucial industries without disrupting domestic markets.
Cabinet Secretary-General Kung Ming-hsin (龔明鑫) says that over half of Taiwan's NT$30 trillion in insurance funds is invested abroad, incurring significant exchange rate risks. The government aims to redirect these funds domestically, with foreign capital also contributing to the plan.