Taiwan to repatriate $921b for strategic investments

It aims to boost strategic sectors with overseas insurance funds.

Taiwan’s Premier Cho Jung-tai said the government plans to raise over $921b (NT$30t) of overseas insurance funds back to the country, reported Radio Taiwan International.

The investment will target long-term care, urban renewal, new technological innovation, and other industries critical for national strategic development. 

Premier Cho highlighted that this initiative, alongside the three existing major investment programs, aims to attract global talent and capital, directing resources towards strategic national goals. 

He stressed the importance of mechanisms to ensure these funds boost key industries without disrupting domestic markets.

Cabinet Secretary-General Kung Ming-hsin noted that over half of Taiwan's NT$30t insurance funds are currently invested abroad, which exposes them to exchange rate risks. 

The new plan seeks to mitigate these risks by redirecting investments domestically, with additional contributions from foreign capital.