Sean Foo: Beijing is Selling off Private US Assets as China’s HKD Signals Severe Pivot Away from USD

Recent developments suggest China is intensifying its strategic financial decoupling from the United States. Following earlier moves to reduce reliance on the US dollar and global financial infrastructure, Beijing appears to be leveraging its state-backed financial power and perceived shifts in market sentiment to accelerate the separation. A key indicator of this escalating strategy is the reported activity of China’s sovereign wealth fund. Sources indicate the fund is actively engaged in divesting from private US assets. This is a significant step beyond previous actions, which often focused on public market holdings or traditional government debt. Targeting private equity, venture capital,…