Author: Niu Zhanlin; Source: Caixian Silicon Valley News

Local time February 3rd, US Presidential President Trump signed an administrative order to instruct officials to set up a sovereign wealth fund. It is unclear how the fund will operate and financing specific details.

Trump stated in the White House that day that the United States has "huge potential" and has appointed Treasury Secretary Scott Bassett And the Minister of Commerce, Holo -Lurtnick, led the preparation of the sovereignty wealth fund.

During the campaign, Trump proposed to imitate the sovereign wealth fund model of Norway, Saudi Arabia and other countries to convert resources (such as energy income) into long-term investment capital Essence

Bason pointed out that the sovereign wealth fund will be established in the next 12 months, saying that this is a "significant strategic significance" issue.

At present, the above-mentioned administrative order text signed by Trump has not been made public, and it is not clear where the fund funds come from, and Trump promises to establish the "world in the world The largest sovereign wealth fund ".

In September last year, Trump first put forward this concept when he gave a speech at the New York Economic Club. Manufacturing Center, National Defense and Medical Research Fields.

Trump said at the time: "We will create the United States' own sovereign wealth fund and benefit all Americans." Then he mentioned that Wall Street and corporate leaders could Give play to help "provide investment advice."

Sovereign wealth fund usually exists in the income of a large amount of foreign exchange reserves or commodity revenue, such as Norway and Saudi Arabia. Various areas.

The current world's largest sovereign wealth fund is the Norwegian pension fund (about 1.8 trillion US dollars). funds. However, the United States lacks the income of stable natural resources similar to Norway, and it is almost impossible to achieve in the short term.

In reality, the United States does not have a federal-level sovereign wealth fund, but 20 states have similar funds.The Heritage Fund of the State of Scet and North Dakota. If Trump's proposal is realized, it will be the first time that the United States has tried to establish a level sovereign fund.

It is worth noting that some people speculate that the sovereign wealth fund is prepared for the establishment of Bitcoin Greenland Island.