CHARLESTON — The board that manages West Virginia’s long-term investments is joining the state Board of Treasury Investments in divesting itself from Chinese-linked companies.
The West Virginia Investment Management Board (IMB) voted Thursday to adopt a policy to divest from Chinese-owned companies, following a similar policy adopted by the Board of Treasury Investments (BTI).
“The Chinese Communist Party poses a threat to our national security, dodges transparency and legal oversight, and represents a financial risk that we cannot take,” said Gov. Patrick Morrisey in a statement.
Morrisey serves as chair and an ex officio member of the IMB.
“With the passage of this resolution, the West Virginia Investment Management Board will not invest in CCP owned or controlled companies and seek