Trump Administration Urges US Colleges to Divest Chinese Holdings
The Epoch Times
08.20.2020
1 min read
WASHINGTON—The U.S. State Department issued a letter on Aug. 18 that warns American colleges and universities about the “growing threat of authoritarian influence” of the Chinese regime on U.S. campuses.
The letter also urged the institutions to divest from Chinese stock holdings in their endowments.
“The boards of your institution’s endowment funds have a moral obligation, and perhaps even a fiduciary duty, to ensure that your institution has clean investments and clean endowment funds,” Keith Krach, undersecretary of state for economic growth, energy, and the environment, wrote in the letter addressed to the governing boards of U.S. universities.
