CHARLESTON (WV News) — The West Virginia Investment Management Board voted to enact a divestment plan from companies owned or controlled by the Chinese Communist Party on Wednesday, according to Gov. Patrick Morrisey.

Earlier this year, the IMB approved a resolution made on Morrisey's behalf 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,” Morrisey said in a statement. “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.”

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