NEW YORK -- The Kansas state pension sold nearly $300 million of Chinese securities after the passage of a bill that directs state-managed funds to divest from what it deems countries of concern, the latest decoupling move amid ongoing Sino-American tensions.
Kansas' Countries of Concern Divestment Act, which took effect in July, ordered state funds to remove any investments held in China, Hong Kong, Cuba, Iran, North Korea, Russia and Venezuela.
