The Indiana Public Retirement System is divesting from holdings in Hong Kong worth almost $170 million, more than two years after lawmakers banned investments in Chinese interests.

Divestment from public equity assets should be complete by December, according to materials for INPRS’ Friday board meeting, and the agency is working to update performance benchmarks.

INPRS asset managers have already pulled out of fixed income holdings, per the board book, while benchmarks for those assets had “no exposure” to Hong Kong and didn’t need updates.

The packet says those changes came “following recent clarification” of 2023’s Senate Enrolled Act 268 . It mandated divestment from a wide range of Chinese or Chinese-controlled companies and products, and blocked future investments in those enti

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