Texas Governor Orders State Agencies to Divest from China

Greg Abbott cites financial and security risks posed by the Chinese Communist Party in his directive to halt and unwind investments in China.

Governor Greg Abbott instructed Texas state agencies to cease new investments in China and divest existing holdings at the earliest opportunity.
The directive highlights concerns over financial risks and national security threats linked to the Chinese Communist Party (CCP).
Texas' Teacher Retirement System, managing over $210 billion, reportedly has significant exposure to Chinese assets, including Tencent Holdings.
The move follows Abbott's broader efforts to harden Texas' defenses against foreign influence and protect critical infrastructure from potential CCP threats.
The announcement aligns with escalating U.S.-China tensions and legislative actions addressing Chinese espionage and economic influence.