Read Home New Horizons February 20**"Fox Business" recently published an article, the article is excerpted as follows:
Over the past few years, billions of dollars in U.S. public pensions** have flowed into China.
A report by Future Union found that U.S. public pensions** have invested more than $68 billion in China since 2020. The report found that 56 of the 74 largest pensioners** in the U.S. invested money in the Chinese market during this period.
"In the last 12 months, there have been 24 investments in venture capital and private equity** in China alone, which should be seen as support for China's technological advancement," the report said. Our research shows that four of the largest public pensions in the U.S. have invested in China over the past few months. ”
The report found that one of the largest investments in China is the New York State Co-Retirement, which has invested more than $8.3 million in the Chinese market. Billions of dollars have also been invested in other top public pensions**, including the California Civil Service Retirement**, the California Teachers' Pension System, the Washington State Investment Commission, the San Francisco Employee Retirement System, and the Pennsylvania Public School Employee Retirement System, all of which have invested between $3.2 billion and $7.8 billion in Chinabetween $600 million.
In total, the U.S. public pension** has invested more than 732 in China$800 million.
Ryan Yanke, an economist at the Institute for Economic Research, believes that considering the historical performance of the Chinese market, it is not surprising that the pension ** invests in companies in Chinese mainland and even Hong Kong.