TAIPEI (TVBS News) — Taiwan's Premier Cho Jung-tai (卓榮泰) acknowledged on Tuesday (Oct. 15) that the government has not yet conducted a financial war game this year but assured will that it collaborate with the Ministry of Finance (MOF, 財政部) and the Central Bank (中央銀行) to maintain public confidence.
During a Legislative Yuan (立法院) session, Cho addressed concerns about the nation's financial security amid rising tensions with China.
Legislator Huang Shan-shan (黃珊珊) from the Taiwan People's Party (TPP, 民眾黨) highlighted the need for preparedness against China's military exercises, legal challenges, and trade wars. She questioned Taiwan's readiness for a financial war game.
Cho emphasized the importance of safeguarding the financial system, stating that the Executive Yuan (行政院) has instructed all departments to enhance cybersecurity for stock markets, foreign exchange, and economic infrastructure.
Huang cautioned that frequent Chinese military drills without invasion might lead to the public losing vigilance. She recommended regular financial war games and urged the government to conduct the first exercise by the end of the year.
Cho committed to working with relevant departments to ensure public reassurance.