A recent report reveals that several US pension funds have engaged in substantial investments in China. Despite escalating tensions between the United States and China since 2020, a comprehensive analysis by the bipartisan non-profit organization Future Union, known as the ‘Rubicon Report,’ exposes the ongoing financial commitments of US pension funds in China.

The report underscores that over the past year alone, 24 investments have been made, indicating explicit support for China’s technological advancements.

This contradicts Washington’s efforts to impose restrictions on Beijing.

According to the report, public pension funds from 43 US states presently possess investments in China and Hong Kong, amounting to over $68 billion in the last 36 months.

Notable among these investors are the California Public Employees’ Retirement System, with 80 investments totalling $7.86 billion; the San Francisco Employees’ Retirement System, investing $3.38 billion across 80 investments; the New York State Common Retirement Fund, contributing $8.39 billion through 72 investments, and the California State Teachers’ Retirement System, with $5.56 billion invested in 58 projects.

US public pension funds collectively hold over $73.28 billion in Chinese stocks, raising concerns about the potential threat to America’s national security.

Despite the evident risks posed by China, the report criticizes the apparent disregard and lack of accountability demonstrated by the managers overseeing the investments of US retirees, thereby undermining the national interests of the United States.

However, not every investment is directed towards illegal activities, and many institutions don’t even know that their funds are being invested in the Chinese market.

But the managers of the funds know that is for sure.