Thursday, November 28, 2024

U.S. state pension divests nearly $300m from China

 U.S. state pension divests nearly $300m from China - Nikkei Asia

U.S. state pension divests nearly $300m from China

Kansas fund liquidates 12 securities in Hong Kong and China.

 NEW YORK -- The Kansas state pension sold nearly $300 million of Chinese securities after the passage of a bill that directs state-managed funds to divest from what it deems countries of concern, the latest decoupling move amid ongoing Sino-American tensions.
Hong Kong must choose between its economic and security goals - Nikkei Asia
Kansas' Countries of Concern Divestment Act, which took effect in July, ordered state funds to remove any investments held in China, Hong Kong, Cuba, Iran, North Korea, Russia and Venezuela.

Posted by Tun Marvin at 10:54 PM

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