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State treasurers push for divestment from China citing 'red flags' regarding CCP control

Financial officers from 15 states urge public pension fund managers to divest from China-based investments due to CCP control over firms, citing "imprudence."

State treasurers push for divestment from China citing 'red flags' regarding CCP control
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These VIEs are offshore shell companies that are often seen as illegal under Chinese law, yet they represent the most common form of investment available to U.S. investors in China. The SEC has warned that the CCP could abruptly declare VIEs illegal, creating significant risks for those who invest in them.

Fox Business' Eric Revell contributed to this report. 

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