CalPERS Ignores Rep. Banks’s Questions on CIO’s Links to China’s Thousand Talents Spying

The California Public Employees' Retirement System building in Sacramento, Calif., on July 21, 2009. Max Whittaker/Getty Images

WASHINGTON—California Public Employees Retirement System (CalPERS) officials failed to answer a congressman’s questions about its chief investment officer’s (CIO) links to a Chinese program the FBI says is a spy tool.

“CalPERS failed to answer two fundamental questions raised in my letter to Governor [Gavin] Newsom,” Rep. Jim Banks (R-Ind.) told The Epoch Times on Feb. 21.