Feb 28, 2020, 6:37am PST. Get the latest Asian news from BBC News in Asia: breaking news, features, analysis and special reports plus audio and video from across the Asian continent. Citing an online article in China's People's Daily, Banks asserted that China's Thousand Talents Program recruited Meng for the job at SAFE.
'REPREHENSIBLE ATTACK' CalPERS CEO Marcie Frost defended Meng in a statement. He is the chief investment officer at California's massive state-run pension fund called CalPERS. “CalPERS owns $75 million in China Telecommunications Corp. stock — China’s dominance in the telecommunications industry is widely recognized as a significant national security risk. Mr. Meng's swift changes reflect the latitude Calpers has given him to remake the fund. Board Member Steve Westly even told The Mercury News that a bailout was needed and soon. CalPERS CIO under fire over alleged ties with China . A search found that CalPERS held 240 individual positions with “China” in the security name as of June 30, 2019, a 40 percent increase from the 172 names in the previous year.

A search found that CalPERS held 240 individual positions with “China” in the security name as of June 30, 2019, a 40 percent increase from the 172 names in … Rep. Jim Banks, (R-Ind. Mr. Meng, who worked for China's foreign-exchange regulator, is the … He worked at CalPERS for seven years until 2015 before being recruited by China's Thousand Talents Program (TTP), a program widely accused of serving as an arm of Chinese spy agencies. Meng is an official of China’s State Administration of Foreign Exchange, its foreign exchange regulator. “CalPERS owns $75 million in China Telecommunications Corp. stock — China’s dominance in the telecommunications industry is widely recognized as a significant national security risk.

Recently, CalPERS passed an amendment to the statutes, which resulted in higher contributions for the California municipalities.
Here’s why March 13, 2020 5:00 AM Recent news stories have raised questions about CalPERS' stock investments in China and how those investment decisions are made. By Mark Anderson – Staff Writer, Sacramento Business Journal . Calpers Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. ... Trump administration is ‘looking at’ CalPERS’ China holdings, official says. Another Chinese company in which CalPERS owns shares is China Aerospace International Holding, a subsidiary of China Aerospace Science and Technology Corp., which is operated by the People’s Liberation Army, and China Unicom, a company which, according to the Washington Post, helped build and operate North Korea’s internet network. Currently, CalPERS manages approximately $350 billion of future pension claims of its members. 'REPREHENSIBLE ATTACK' CalPERS CEO Marcie Frost defended Meng in a statement. Citing an online article in China's People's Daily, Banks asserted that China's Thousand Talents Program recruited Meng for the job at SAFE. According to the FBI, TTP is a part of "China's non-traditional espionage against the United States." Calpers Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. ), argue $3.1 billion from CalPERS, the largest state pension fund … In 2018, when Meng was named CalPERS’ chief investment officer, his experience in China was touted as an asset. According to the FBI, TTP is a part of "China's non-traditional espionage against the United States." Local news has never been more important. Citing an online article in China's People's Daily, Banks asserted that China's Thousand Talents Program recruited Meng for the job at SAFE. The facts below outline the process we use to make stock investments around the world, including in China, and the factors used in making those investments. The California Public Employees’ Retirement System, better known as CALPERS, has offered the job of chief investment officer to Ben Meng, the Wall Street Journal reported Wednesday.