SINGAPORE, Nov 22 (Reuters) - Republican Governor of
Texas Greg Abbott ordered state agencies to cease investing
state funds in China and sell at the first available
opportunity, citing financial and security risks.
"As Chinese aggression against the United States and its
allies seems likely to continue, the financial risk associated
with holding investments in China will also rise," Abbott said
in a letter to Texan state agencies dated Nov. 21 and posted to
his website.
"I direct Texas investing entities that you are prohibited
from making any new investments of state funds in China. To the
extent you have any current investments in China, you are
required to divest at the first available opportunity."