英文摘要 |
It is widely considered that the government should endeavor to induce the insurance industry to invest in public works to an appropriate extent, as a means of easing the government’s spending burden while enabling insurance firms to gain long-term steady profit. But since there have been very few cases of such investment actualized to date, this study examines the attendant problems, draws conclusions on the reasons for the lack of investment, and presents suggestions on how to address this situation, as follows: 1. The supervisory authority for the financial industry should adopt a graded management system for insurance industry investment in public works, and should ease related restrictions to allow insurance firms to hold a stake of up to 50 percent of the paid-in capital of a company investing in a public works enterprise. 2. Insurance firms should be encouraged to indirectly invest in public works by easing the financing conditions for such investment, including by allowing insurance firms to conduct lending for the acquisition of rights of superficies on public land and to participate in public works project financing. 3. The way in which Japan’s Private Finance Initiative Act recognizes management rights as property rights, and thus enables greater diversity of financing for public works projects, is worth considering as a potential model for inducing insurance industry investment in public works. 4. Taiwan’s relevant government authorities should continue to promote innovative financing tools and continue to raise self-liquidating ratios of public works projects, to make insurance firms more willing to invest in public works. |