American companies are quietly pulling out of the Chinese market, including pulling out as much as $68 billion in international funds from Hong Kong.
At the same time, the Chinese communist regime’s representative in Hong Kong met with Chinese officials to discuss the future economic vision of the Guangdong-Hong Kong-Macao Greater Bay Area.
Global Funds Reduce China Investments
Bloomberg analyzed reports on the positions of 14 U.S. pension funds with more than $500 million invested in Chinese stocks and found that most of them have reduced their holdings since 2020, with the California Public Employees’ Retirement System and the New York State Common Retirement Fund, the largest pension investors in the United States, cutting their investments in China for the third consecutive year.
