“We found Chinese newspaper articles that take credit for him being in the position that he’s in currently,” Banks told Fox Business host Maria Bartiromo.
The CIO of the largest pension fund in the US enrolled in China’s “1,000 Talents Program”-which is described by the FBI as an “unofficial espionage” arm of #CCP.
We finally have an admin that stands up to China-meanwhile local/state govs are getting more entangled. Unacceptable! pic.twitter.com/Ffop60Nt8T
— Jim Banks (@RepJimBanks) February 13, 2020
In between his two stints at CalPERS, Meng worked for three years, starting in 2015, as deputy CIO with China’s State Administration of Foreign Exchange (SAFE), which oversees China’s U.S. Treasury security holdings.
A 2017 article in China’s People’s Daily asserts that Meng was then recruited to the position at SAFE by Beijing’s Thousand Talents Program, which provides funding to U.S. citizens in exchange for information. “In human life, if there is an opportunity to serve the motherland, such responsibility and honor cannot be compared to anything,” Meng told the paper.