In 2017, the federal retirement savings and Investment Board (frtib), the manager of the TSP, decided to adjust its investment plan in the second half of 2020 to improve returns, and has started to set up custody accounts overseas to pave the way for these investment operations.
However, China hardliners in Washington are opposed to this. They believe that the US federal employee pension should not fund aircraft and Avionics enterprises, including China aviation industry group, which help China's military construction. They also object to investing in Chinese companies sanctioned by Washington for human rights violations, such as Hangzhou Hikvision Digital Technology Consulting Co., Ltd. (002415. SZ).