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Thread: CalPERS invests in Chinese Communist Party Assets

  1. #1

    CalPERS invests in Chinese Communist Party Assets

    Congressman Urges Firing of CalPERS CIO for Deep China Links, Investments

    WASHINGTON—Gov. Gavin Newsom should immediately fire California Public Employees Retirement System (CalPERS) Chief Investment Officer Yu Ben Meng because of his “long and cozy relationship with the Chinese Communist Party (CCP), according to Rep. Jim Banks (R-Ind.).

    In a Feb. 12 letter to Newsom, Banks pointed out that, with $360 billion in assets, CalPERS is the biggest public employee pension program in the United States and it has a long history of “shareholder activism,” in which officials leverage the fund’s wealth to influence corporate and government policies around the world.

    “Mr. Meng was hired as the deputy CIO of China’s State Administration of Foreign Exchange (SAFE) in 2015. SAFE is a Chinese Communist Party agency responsible for managing $3 trillion in state-owned assets,” Banks told Newsom.

    “Mr. Meng, who first moved to the United States at 25, told the Chinese newspaper People’s Daily regarding his return to China, that ‘in a person’s life, if there is an opportunity to work for the motherland, this responsibility and honor is unmatched by anything.’”
    ...
    “At the least, I think a thorough investigation of Mr. Meng’s relationship to the Chinese Communist Party and a comparison of CalPERS investments in Chinese companies before and after” his hiring by the pension are needed, Banks added.

    The Indiana Republican noted that “Meng was recruited to SAFE through China’s Thousand Talents Program (TTP). TTP is a program which brings talented businessmen, researchers, and scientists trained abroad back to mainland China, where they apply their expertise in service” to the CCP.

    “According to FBI Assistant Director Bill Priestap, TTP is a part of ‘China’s non-traditional espionage against the United States.’ Presumably, a TTP member’s mission is lifelong,” Banks told Newsom.
    ...
    More: https://www.ntd.com/congressman-urge...ts_435011.html
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    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    They are what they hate.” - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  5. #4
    China is the model for your HR department.



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