PANews reported on February 16 that according to Jinshi, the Trump administration recently proposed to establish a US sovereign wealth fund (SWF) by 2026, and hinted that TikTok could become a potential investment target of the fund. This proposal has attracted widespread attention against the backdrop of the US economy facing challenges and high fiscal deficits. Although the idea seems attractive, analysts warn that without clear planning and governance mechanisms, the fund could do more harm than good to the market and the economy.