And so the PIF is the majority shareholder in Lucid, the electric vehicle maker.

太平洋岛屿论坛是电动汽车制造商 Lucid 的大股东。

In early 2022, the discussion about golf centered on Saudi Arabia's Public Investment Fund, or PIF, in LIV Golf.

2022年初，关于高尔夫的讨论集中在沙特阿拉伯公共投资基金对LIV golf的投资上。

Now the PIF is tightening its purse strings.

如今，PIF 正在勒紧钱袋。

And he identified the PIF as the main vehicle to follow out that mandate.

他指出 PIF 是履行这一使命的主要工具。

On February 16th PIF said it would take a stake in VSPO, a Chinese platform for video-game tournaments.

2 月 16 日，PIF 表示将入股中国视频游戏锦标赛平台 VSPO。

The PIF, the Public Investment Fund, it's sort of started out as essentially a state holding company.

PIF， 即公共投资基金，最初本质上是一家国有控股公司。

And so basically the PIF went for a bit of a revolution.

从根本上说，PIF 经历了一场小小的革命。

What kind of projects did the PIF focus on?

PIF 重点关注哪些类型的项目？

As well as investing directly, they are LPs in other VC funds; PIF, for example, is a large backer of SoftBank's Vision Fund.

除了直接投资， 他们还是其他风险投资基金的有限合伙人；例如，PIF 是软银愿景基金的重要支持者。

The kingdom has a massive sovereign wealth fund called the PIF, the Public Investment Fund, and it's been pretty liberal with doling out billions of dollars.

沙特王国拥有庞大的主权财富基金，称为公共投资基金 (PIF)，该基金相当慷慨地拨出了数十亿美元的资金。

Then there are the state funds, such as Singapore's GIC and Temasek, Saudi Arabia's Public Investment Fund (PIF) and Mubadala of the United Arab Emirates.

其次是国家基金， 如新加坡的GIC和淡马锡，沙特阿拉伯的公共投资基金（PIF）和阿联酋的穆巴达拉。

That changed in 2015, when King Salman ascended to the throne, and he appointed his son, Prince Mohammed bin Salman, as chairman of the PIF among other duties.

2015 年，萨勒曼国王登基，情况发生了改变，他任命其儿子穆罕默德·本·萨勒曼王子担任太平洋岛屿论坛主席等职务。

And because the PIF is a shareholder, then Lucid says, okay, we're going to open our manufacturing plant in Saudi Arabia and use that as a base to both produce electric vehicles and to export.

因为太平洋岛屿论坛是股东，卢西德说，好吧，我们将在沙特阿拉伯开设我们的制造厂，并以此为基地生产电动汽车和出口。

So what are they planning to invest in and what kind of companies and industries or, you know, give an example of what one government is looking at, say, the Saudi Public Investment Fund or the PIF?

那么他们计划投资什么，什么样的公司和行业，或者举一个政府正在考虑的例子，比如说，沙特公共投资基金或太平洋岛屿投资基金？

And I think the stage where the PIF is at now, it's kind of gone for this process of building up its portfolio, doing a lot of deals, making a splash.

我认为，PIF 目前处于这样一个阶段，即建立其投资组合、进行大量交易并引起轰动。

So that PIF economy may actually hurt the development of a private sector that is so essential for the success of Vision 2030. And I think that's the real difficulty for him on the horizon.

PIF 经济实际上可能会损害私营部门的发展， 而私营部门对于 2030 年愿景的成功至关重要。 我认为这才是他即将面临的真正困难。

So I think what we've seen certainly this year is a realisation that the scale of the PIF's domestic commitments, which are crucial to Prince Mohammed's ambitions, mean that it essentially has to focus more inwardly.

因此我认为，我们今年确实看到了这样一种认识：太平洋岛国论坛的国内承诺规模对于实现穆罕默德亲王的雄心至关重要，这意味着它必须更加关注国内事务。

This ultimately is a decision that I think is in the best interest of all the members of the PGA Tour, puts us in a position to a position of control, allows us to partner with the PIF in a constructive and productive way.

最终，我认为这一决定符合PGA巡回赛所有成员的最佳利益，使我们处于控制地位，使我们能够以建设性和富有成效的方式与PIF合作。