Taiwan Sovereign Wealth Fund (proposed)

At a glance. Taiwan's sovereign wealth fund is still a plan. President Lai Ching-te announced it in May 2025 to widen Taiwan's global investments with private companies. The National Development Council is studying a strategic fund set up by special act, with a board of government representatives and a professional manager. There is no law, capital or leadership yet. S1 S4 S3

Key points

• Announced by President Lai Ching-te in May 2025. S1
• The National Development Council is the interim lead agency. S1
• In March 2026 the Council was assessing a strategic fund under a special act. S4
• Funding options include reserves, special bonds and tax overruns. S3
• Initial size is expected to be modest. S3

Interesting facts

• Special bonds could be bought by existing government funds. S3
• A management company would run strategic and financial investments abroad. S3
• A 2023 proposal looked at about 10 percent of roughly USD 561 billion in reserves. S3

Mandate and goals

Expand Taiwan's global investments and international presence, with the government leading in partnership with private companies. S1

• Make strategic investments in international markets. S3
• Make financial investments for returns. S3
• Work alongside Taiwanese companies abroad. S1
• Spending rule: Not yet set S3

How it invests

Published criteria

• Strategic value for Taiwan abroad. S1

Past investments

The fund has not published a list of investments.

Investment process

Reported plan: a board of government share representatives overseeing a management consulting company. S3

1. Ministries gather information and map resources. S4
2. A special act would set structure and funding. S3
3. A manager would then be appointed. S3

How to approach: No contact route until the fund is set up. S1

Size and returns

• Headline size: No assets (Announced target, not current assets) S1
• Returns: the fund does not publish a return figure.

Leadership

Governance and transparency

• Legal basis: None yet; a special act is under study S4
• Oversight: National Development Council during planning S1
• Premier Cho Jung-tai raised the fund in the February 2026 policy report. S3

Transparency score: 0 of 10 (band 1 of 5). Our own 10-item rubric; see the methodology page.

• Not published: total assets, annual return, long-term returns, asset allocation, geographic or sector split, holdings or deal list, audited financial statements, governance and mandate documents, named leadership, regular reporting schedule. S1 S5

History

Common questions

Does the fund exist?

No. It was announced in May 2025 and is still being studied. S1 S5

Who is planning it?

The National Development Council, on an interim basis. S1

How would it be funded?

Options include reserves, special bonds and tax overruns; none is decided. S3

Related profiles

• Bangladesh National Citizen Wealth Fund (proposed) Bangladesh · Not created
• Japan Sovereign Wealth Fund (proposed) Japan · Not established, estimate
• Government Pension Investment Fund (GPIF) Japan · JPY 293.6T
• China Investment Corporation China · USD 1,567B
• GIC Private Limited Singapore · About USD 1.16T, estimate
• SAFE Investment Company China · About USD 1T, estimate

All sovereign wealth funds in Asia · All proposed or pipeline funds · All funds in Taiwan

Sources

1. S1AmCham Taiwan, Taiwan Business TOPICS, sovereign fund initiative (March 2026)
2. S2IFSWF, members list
3. S3Y. C. Chiu Foundation, policy digest
4. S4Economic Daily News (UDN), NDC on strategic sovereign fund
5. S5UDN, NDC deputy minister at the Legislative Yuan