Texas Teachers’ Retirement System Moves to Distance Pensions From Chinese Stocks

Texas Teachers’ Retirement System Moves to Distance Pensions From Chinese Stocks
Investors monitor stock price movements at a securities company in Beijing on June 15, 2016. Greg Baker/AFP/Getty Images
Andrew Thornebrooke
Updated:
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The largest public retirement system in Texas is moving to remove Chinese companies from the list of stocks it invests in as part of its pension fund for teachers.

The Teacher Retirement System of Texas (TRS) gained approval last month to move forward with a new benchmark that proportionally mixes two emerging markets indexes, including one with China and one without.

Andrew Thornebrooke
Andrew Thornebrooke
National Security Correspondent
Andrew Thornebrooke is a national security correspondent for The Epoch Times covering China-related issues with a focus on defense, military affairs, and national security. He holds a master's in military history from Norwich University.
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