September 23, 2021

Chinese-born Yu Meng, Who Invested California Public Employees’ Retirement Funds in Blacklisted Chinese Military Suppliers, Suddenly Resigns

“It was a matter of time. For months now the California Political News and Views along with other publications have called for the firing of Yu Meng as the chief investment officer for CalPERS, He got the job via the Ten Thousand Talents program, run by the Chinese Communist Party. One of the first things he did in his new position was to invest over $5 billion in Chinese Communist military suppliers—though the firms were on the U.S. Treasurer’s blacklist.”

Chinese-born Yu Meng, Who Invested California Public Employees’ Retirement Funds in Blacklisted Chinese Military Suppliers, Suddenly Resigns