State Treasurers Urge Public Pension Funds to Divest From China

Published on November 4, 2024

A group of state treasurers and auditors have sent a letter to public pension fund fiduciaries, urging them to divest from China-based investments due to possible influence from the Chinese Communist Party (CCP). In a letter dated Nov. 1, 18 financial officers from 15 states stated that fiduciaries must adhere to their duties and realize that investments in China “increasingly present red flags.” “Trustees of state funds have a duty to investigate investments and a duty to monitor investments and divest from imprudent investments, in order to ensure that those funds grow and are protected for future beneficiaries,” they wrote. “The time has come to divest from China”...

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