US Pension Funds Invest Billions In China Despite Security Fears: Report
NDTV
In all, the Future Union report said, various US public pension funds have more than $73.28 billion in Chinese stocks.
A new analysis has pointed out that continued investments by US pension funds in China has undermined Washington's proposals to clamp down on Beijing despite the ongoing tensions, which have led to deterioration in relationship between the two countries since 2020. The 'Rubicon Report' by Future Union, a bipartisan non-profit organisation, public pension funds in 43 US states currently hold investments in China and Hong Kong. It also said that US-based public pension funds have invested more than $68 billion in China in the last 36 months.
Future Union named some of the largest allocators that include the California Public Employees' Retirement System, which has made 80 investments totalling $7.86 billion; the San Francisco Employees' Retirement System, which has invested $3.38 billion over 80 investments; the New York State Common Retirement Fund, which has invested $8.39 billion over 72 investments; and the California State Teachers' Retirement System, which has invested $5.56 billion over 58 investments.
"In the past 12 months, 24 investments alone have been made, which should be acknowledged as support for the technological advancement of China," the report said.
