CHARLESTON — Five months after agreeing to divest West Virginia’s public long-term investments from Chinese companies, the Investment Management Board approved a divestment plan Wednesday.
During its regular quarterly meeting held Wednesday morning at the Kanawha County Public Library in downtown Charleston, the IMB approved a long-term plan to completely divest from Chinese-connected companies and investments by the beginning of calendar year 2026.
The IMB voted in May to begin work on a Chinese divestment policy, following a similar policy adopted by the Board of Treasury Investments (BTI).
The move was praised Wednesday by Gov. Patrick Morrisey, who made the motion in May, and State Treasurer Larry Pack, who chairs IMB and has pushed for Chinese divestment since February.
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