U.S. Retirement Fund Would Face China Investment Ban Under Bill

Daniel Flatley and Jenny Leonard | November 6, 2019

Chinese stocks would be off limits to a U.S. government retirement fund under a bipartisan Senate bill to be introduced Wednesday, aimed at concerns that the investments would undermine national security and contribute to China’s economic and corporate growth.

The bill would block the Federal Retirement Thrift Investment Board from allowing its funds to invest in securities listed on mainland Chinese exchanges. Marco Rubio said in a statement:

America’s investors should never be a source of wealth funding Beijing’s rise at the expense of our nation’s future prosperity, should not force U.S. service members and federal employees to unwittingly undermine the American national security interests that they work hard every day to protect.

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Source:Yahoo

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GM31

"For everyone practicing evil hates the light and does not come to the light, lest his deeds should be exposed." [John 3:20] Nov. 06, 2019