KMT says its assets protected by law

Meanwhile, Minister of Finance Paul Chiu (邱正雄) confirmed yesterday that establishing a trust fund before the March election was next to impossible.

Chiu said it would be impossible to put the party's assets into a trust fund right now since there is no law governing trust funds.

He said that within three months, his ministry could hammer out the details of a law to govern trust funds, but it would take at least four months before the law would be put into practice.