U.S. lawmaker calls for ouster of CalPERS CIO over China ties-letter [Reuters]
CHINA COMMUNICATIONS ADR (CCCGY)
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Source: Reuters
U.S. lawmaker calls for ouster of CalPERS CIO over China ties-letter WASHINGTON, Feb 12 (Reuters) - A U.S. Republican lawmaker on Wednesday urged California to fire the chief investment officer of its public pension fund, the nation’s largest, citing what he called the CIO’s “long and cozy” relationship with Beijing, and assailed the fund’s investments in Chinese companies. In a letter to California Governor Gavin Newsom, U.S. Representative Jim Banks of Indiana said Yu Ben Meng, the CIO of California Public Employees’ Retirement System (CalPERS), should at least be investigated. “Governor Newsom, if it were up to me, I would fire Mr. Meng immediately,” Banks wrote in the letter. “At the least, I think a thorough investigation of Mr. Meng’s relationship to the Chinese Communist Party and a comparison of CalPERS investments in Chinese companies before and after Mr. Meng’s 2008 hiring are both warranted,” he added. A U.S. citizen born in China, Meng has twice worked for CalPERS, the fir
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