Thread by @JanJekielek

🚨THREAD (1/n) “Some of the @CalPERS investment policies are incredibly concerning,” @robertcobrien said. “I don’t see why we should be underwriting the Chinese defense industry.”

Must-read piece on #CCP influence by @joshrogin:
washingtonpost.com/opinions/2020/…

(2/n) "A potentially even bigger problem [than #coronavirus] is #WallStreet indexes and related funds drastically increasing their stakes in opaque and often criminal Chinese companies, without disclosing the risks to millions of American investors."
washingtonpost.com/opinions/2020/…

(3/n) "@CalPERS holds $3.1 billion worth of shares in 172 different Chinese companies & last fall rebalanced its portfolio to add 198 companies, half based in #China. Their holdings include Chinese military contractors ie China Shipbuilding Industry Corp."
theepochtimes.com/congressman-ca…

(4/n) "Ben Meng, @CalPERS’s chief investment officer and a US citizen who grew up in #China, once was connected to a #CCP recruitment effort called the Thousand Talents Program. The @FBI has said #Beijing uses this program for nontraditional espionage."

(5/n) "#China’s People’s Daily reported in 2017 that Meng was recruited through the Thousand Talents Program for his three-year stint as deputy CIO for China’s State Administration of Foreign Exchange (SAFE). @RepJimBanks (R-Ind.) called on CA Gov. @GavinNewsom (D) to fire Meng."

(6/n) "Meng eventually admitted his past connection to Thousand Talents last month, while @CalPERS and several Wall Street heavyweights attacked Banks."
theepochtimes.com/calpers-ignore…

(7/n) “@CalPERS & other state public pension systems should properly take direct responsibility for US-sanctioned & other Chinese bad actors ending up in their investment portfolios & not try to simply offload blame onto the index providers,” -Roger Robinson of RWR Advisory Group

(8/8) @EpochTimes original 🚨must-read🚨 investigative report on @CalPERS under Ben Meng:
"Newly discovered deep ties between the CIO of @CalPERS & the Chinese government, along with CalPERS’s #China investment holdings, have provoked controversy…"
theepochtimes.com/chief-investme…