Investing in Chinese Communist Party companies is a problem over there, too

The Trump administration in recent months has, to its credit, made clear that there are very real risks to investing in Chinese companies – financial risks, as well in some cases as risks to our human rights values and national security.

Unfortunately, some U.S. financiers are determined to  continue to expose investors here to problematic Chinese companies by sending their pension funds and other monies over there – including via initial public offerings like that of  China’s Ant Technology Group which will be launching shortly in Hong Kong and other Chinese markets.

There are real concerns about inadequately or undisclosed material risks with the Ant Group for investors and for America. There should be real concerns, as well, about U.S. investment banks that appear indifferent to such problems –  and the prospect that the ultimate beneficiary of ignoring them is our mortal enemy: the Chinese Communist Party.

This is Frank Gaffney.