The Future Fund is exposed to dozens of Chinese companies linked to the military, human rights abuses or unsavoury regimes in Russia, Iran and North Korea, sparking demands from the opposition that the Albanese government consider copying the Biden administration’s restrictions on outbound investment into Chinese firms.

Amid Prime Minister Anthony Albanese’s visit to China to stabilise relations with Beijing, answers to questions on notice provided to the Senate show the sovereign wealth fund has investments via index funds to 119 Chinese companies.