State Treasurers Urge Public Pension Funds to Cut China-Based Investments

They noted that the Chinese Communist Party places ‘intelligence and military operatives’ within China-based companies.

A paramilitary police officer stands guard in Tiananmen Square after a plenary session of the National People's Congress in the adjacent Great Hall of the People in Beijing on March 11, 2018. Greg Baker/AFP via Getty Images

Eighteen state treasurers and auditors signed a joint letter sent to public pension fund fiduciaries, urging them to withdraw from China-based investments because of possible influence from the Chinese Communist Party (CCP).

In a letter dated Nov. 1, 18 financial officers from 15 U.S. states stated that fiduciaries must adhere to their duties and realize that investments in China “increasingly present red flags.”