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.
US-China tensions
U.S. state pension divests nearly $300m from China
Kansas fund liquidates 12 securities in Hong Kong and China
Kansas' new law directs state-managed funds to remove any investments held in China, Cuba, Iran, North Korea, Russia and Venezuela. © Reuters
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