Earlier this month, Wyoming’s State Loan and Investment Board approved the exclusion of all passive investment of state funds in Chinese equity investments. Secretary of State Chuck Gray explained he’s long supported divestment from China.
During the Investment Policy Statement Special Working Session held on May 8 between the State Loan and Investment Board, State Treasurer’s Office, and the Investment Funds Committee, Secretary Gray expressed his concern with exposure of Wyoming’s investments to Chinese equities, and asked the Treasurer’s Office and the Investment Funds Committee to examine divestment from China.
During the State Loan and Investment Board’s June 1 meeting, the Treasurer’s Office’s presentation elaborated on the comparative performance and risks associated with Chinese investment.