September 24, 2025 Governor Patrick Morrisey Issues Statement on Investment Management Board Plan to Divest from CCP-Owned or Controlled Companies ...

CHARLESTON, W.Va. - Today, the West Virginia Investment Management Board (IMB) voted to enact a divestment plan from companies owned or controlled by the Chinese Communist Party (CCP). Earlier this year, the IMB approved a resolution made on behalf of Governor Patrick Morrisey to begin this divestment plan and to ban future investments in Chinese-owned or controlled companies.

"The Chinese Communist Party is our biggest geopolitical foe and poses a national security risk to West Virginians and Americans," said Governor Morrisey. "Thank you to the Investment Management Board for putting a plan in motion to carry out my requested resolution to divest from the CCP. By early 2026, West Virginia will no longer have investments in Chinese state-owned entities."

The West Virginia Investment Management Board manages the assets of the Defined Benefit Plans for Teachers, Deputy Sheriffs, Public Employees, State Police, Division of Public Safety, and Judges; along with the Workers' Compensation Fund, the Coal Workers' Pneumoconiosis Fund, the Wildlife Endowment Fund, several endowment funds, insurance plans, and municipal plans.