Where is CalPERS investing pension funds?

Sacramento CA

Description

One thing, the state’s pension system is heavily invested, to the tune of hundreds of millions of dollars in Chinese-state owned enterprises linked to the People’s Liberation Army, according to documents reviewed by the Washington Free Beacon. According to the outlet, the California Public Employees’ Retirement System (CalPERS) invested over $3 billion…that’s billion with a B…in Chinese companies, including 14 state-controlled enterprises that were blacklisted by former President Trump’s administration in June 2020. That amount is currently some $490 million. A number of those companies are funding the so-called “Belt and Road Initiative,” a massive infrastructure undertaking underway by China in order to “expand its geopolitical and military influence.” Newsom actually recently praised a pro-Beijing newspaper which was required to register as a foreign agent of China due to its influence activities in the United States. The paper, Sing Tao was praised for its “journalistic integrity” and for its provision of “balanced news stories to its readers. Newsom said the paper, published daily in San Francisco, Los Angeles and New York City has assisted Chinese Americans in acclimating to California. The paper’s owners are members of the Chinese People’s Political Consultative Conference, a government advisory group controlled by—the Chinese Communist Party.