The Chinese Communist Party is doing a fundraiser. It’s getting Wall Street’s help to tap American investors for many billions of dollars to underwrite a PRC conglomerate called Ant Group. If they do massively underwrite Ant’s upcoming Initial Public Offering in Hong Kong, Beijing believes its crackdown on that territory will be validated.
Fortunately, a new risk profile by RWR Advisory Group reveals seven compelling reasons not to invest in Ant, including the company’s reported involvement in human rights abuses, diversion of users’ private data and ties to the Chinese military.
President Trump is running this fall on a platform that showcases his serious differences with Vice President Biden about China. Opposing U.S. investments in malevolent CCP companies and standing with the people of Hong Kong – not validating their oppressors – should be a basis for strong bipartisan agreement.
Learn more at DivestChinaNow.org.
This is Frank Gaffney.