GOP congressman accuses California pension official of working for China
Rep. Banks claims Meng has "steered" $3.1 billion into 172 Chinese companies, based on CalPERS investment reports.
Meng was born in China, and remained there until his mid-20s. He moved to the U.S., where he became a citizen and held various jobs on Wall Street. He then spent seven years at CalPERS before returning to China as deputy CIO of China's State Administration of Foreign Exchange (SAFE), which oversees around $3 trillion of currency reserves. He rejoined CalPERS as CIO in January 2019.
https://www.axios.com/jim-banks-calpers-pension-china-5f549756-9c23-4b0e-b70c-41fbec1d2a6e.html