Texas: Governor Abbott Directs State Agencies To Divest Portfolios From China
Txylo.com/10293849

~ In a move to protect the financial security of Texas and its citizens, Governor Greg Abbott has directed all state agencies to divest from risky investments originating from China. The Governor's letter, sent today, highlights the increasing threat posed by the Chinese Communist Party (CCP) and calls for immediate action to safeguard state investments.

"The security of Texas and Texans is of utmost importance," reads the letter. "That includes the financial security of Texas state investments. Threats to that security can come from foreign adversaries, including the CCP, whose belligerent actions across the Southeastern Pacific region and the world have increased instability and financial risk to the State holding investments in China."

To address this issue, Governor Abbott has ordered all state agencies to evaluate their current investments in China and divest as soon as possible. He also prohibits any new investments in China by Texas investing entities.

More on Txylo.com

• Texas: Governor Abbott Appoints Fletcher To Board Of Pardons And Paroles
• NEW RELEASE: Dark Woods Rising by A J Dalton
• Burrows Cabinets Launches Slim Shaker Doors in 19 Color Options
• Crunch Fitness Franchise Unveils Its First 3.0 Gym Design with the Opening of Crunch East Plano
• Youth Group Makes History as First Visitors to National Electronics Museum

This directive follows previous efforts by Governor Abbott to protect Texas from CCP influence. Last year, he joined three other Governors in encouraging Vanguard to create emerging market funds that isolate investments from risks posed by the CCP.

Earlier this week, Governor Abbott issued executive orders aimed at protecting Texans from coordinated harassment and coercion by the CCP. These orders also aim to strengthen state government against infiltration attempts by hostile foreign nations and safeguard critical infrastructure from threats posed by the People's Republic of China (PRC) and the CCP.

The Federal Bureau of Investigation Houston has also issued a warning to Texans about potential targeting and harassment of Chinese dissidents who speak out against the CCP while residing in Texas.

Governor Abbott's letter serves as a strong stance against potential threats posed by China and reaffirms his commitment to defending Texas' public treasury. The full letter can be read on his official website.

---

Show All News | Report Violation