Some Canadian pension funds have invested in Chinese companies complicit in human rights abuses, the CEO of a geopolitical intelligence consulting firm told a House committee, echoing concerns from rights advocacy groups. “What we’ve noticed is that … America has a list of countries that are sanctioned, that can no longer act in the disclosure…
Canadian Pension Funds Invested in Chinese Companies Indirectly Linked to Human Rights Abuses, House Committee Hears
Variable Interest Entities: China Ponzi Scheme
December 19, 2022
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Commentary Since 2000, Chinese issuers have widely used variable interest entity (VIE) structures to raise funds from American capital markets. The structure is often employed in industries where foreign ownership would be restricted or outright prohibited by Chinese regulators. “Investors really are just playing fantasy football with the Chinese companies because they actually don’t own anything,”…
Chinese Companies Submit to US Audit Watchdog Inspection, Avert Delisting Threat for Now
December 16, 2022
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The Public Company Accounting Oversight Board (PCAOB), accounting watchdog in the United States, has received full access to inspect and investigate companies operating in China for the first-ever time. The PCAOB is also tasked with overseeing registered public accounting firms worldwide. The PCAOB had the sole discretion to select which firms to audit, the potential…
Beijing Can No Longer Skirt the SEC Regulations
December 2, 2022
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Commentary The days of a double standard for China are ending. Chinese companies will no longer be able to skirt Securities and Exchange Commission (SEC) audit rules and take advantage of American investors. There are over 250 Chinese companies listed on U.S. securities exchanges, with a combined value of over $1 trillion. They have been…
Beijing May Not Comply With Audit Rules for US-Listed Firms
Commentary Five Chinese companies listed on U.S. stock exchanges said on Aug. 15 that they would voluntarily delist. The companies included Sinopec, China Life Insurance, Aluminium Corporation of China, PetroChina, as well as Sinopec entity Sinopec Shanghai Petrochemical Co. All of these companies were targeted by U.S. regulators for possible delisting as a result of…
Capitol Report (Aug. 24): Biden Cancels Millions of Student Loans; Rep. Greene Swatted in Political Attack
August 24, 2022
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President Joe Biden is wiping away hundreds of billions of dollars in student debt. What does it mean for everyday Americans and the economy? Congresswoman Virginia Foxx sits on the education committee, and she joins us to weigh in on Biden’s canceling billions of dollars in student debt. The results are in from Tuesday’s primaries….
Bloody Batteries: China’s Exploitation of Congolese Children for Cobalt in Electric Car Batteries
July 27, 2022
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Mining companies backed by the Chinese regime are using Congolese children to mine cobalt, a key component in electric car batteries. Are American carmakers helping China to exploit African children? China dominates the world’s cobalt processing. In the Democratic Republic of Congo, there are unsafe working conditions, pay of less than $1 a day, injuries,…
3 Reasons Chinese Companies Should Be Excluded From ESG
The exposure of environmental, social, and governance (ESG) investors to Russia has already proved something of an (expensive) embarrassment. In hindsight, ESG investors should have held Russia to the same standard as its companies, but it’s not too late to apply that lesson to other countries. While Russia had a modest allocation in emerging-market ESG…
US Blacklists 5 Chinese Companies for Allegedly Aiding Russian Army
June 30, 2022
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The Biden administration on June 28 added five Chinese companies to its economic blacklist for allegedly supporting Russia’s military and defense industrial base, blocking them from U.S. technology. The U.S. Department of Commerce said in a press release on Tuesday the companies had supplied ties to Russian “entities of concern” before Russia launched its attack on Ukraine…
US Commerce Dept. Adds 33 Chinese Firms to Red Flag List
February 8, 2022
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The U.S. Commerce Department on Feb. 7 announced it has added 33 Chinese entities to its red flag list, warning American companies that they should treat them with extra caution. The majority of the flagged companies are electronic firms, but the list also includes an optics company, a turbine blade company, a state-run university laboratory,…
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