States Divest Millions in Public Pension Funds From China

Published on July 31, 2024

Several states are divesting their public pension funds from China amid growing public distrust of Beijing, but billions of retirement dollars remain invested in the communist nation. Forty-two states have at least one public pension fund invested in China or Hong Kong, according to The Rubicon Report from Future Union, a nonprofit group headed by venture capitalist Andrew King. Five states—Florida, Missouri, Indiana, Kansas, and Oklahoma—are divesting at least $1.2 billion in pension funds from China. In Illinois, a bill has been introduced to divest from adversarial nations, and Arizona’s governor vetoed a similar measure. The divestment move follows U.S. concerns amid reports of Chinese nationals attempting to breach military bases and buy land near them....

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