Translator: Daboluo
Edited:Janyvo

On January 19, 2021, then-Secretary of State Mike Pompeo said the day before he left office that the Trump administration had found the CCP authorities guilty of “genocide and crimes against humanity” for their crackdown on Uighur Muslims in the Xinjiang region.

On the same day, Antony Blinken, the Biden administration’s new Secretary of State, also told the Senate Foreign Relations Committee that he agreed with Pompeo’s statement on Xinjiang.

On March 30, 2021, the U.S. Department of State released its 2020 Country Reports on Human Rights, explicitly stating that genocide and crimes against humanity have occurred in Xinjiang, and at least one million Xinjiang Uighurs have been detained in 300-400 facilities in Xinjiang since 2017.

The CCP authorities have established a pervasive surveillance network in Xinjiang, sending officials to spend the night in the homes of Uighurs and other ethnic minorities, collecting DNA samples, fingerprints, iris scans, and blood types from Xinjiang residents between the ages of 12 to 65, and forcing Uighurs into forced labor, extensive surveillance, and illegally separating children from their families.

While the CCP is committing crimes against humanity in Xinjiang, the Vanguard Group, State Street, and BlackRock, known in the industry as the “Big Three,” have not only bought hundreds of millions of shares of Xinjiang companies but have even exercised their voting rights as shareholders in the unethical decisions of these companies.

Image source: Sina Finance

The Vanguard Group’s investments in Xinjiang have at least tripled since 2018, and the market value of these companies in which Vanguard Group has invested has at least tripled in the past few years, and most of these listed Xinjiang companies are directly controlled by the local CCP government. Take, for example, the Shenzhen-listed XINJIANG COMMUNICA (stock code: 002941), whose listing date is Nov. 28, 2018, and whose full name is Xinjiang Communications Construction Group Co.

The main controller is “Xinjiang State-owned Assets Supervision and Administration Commission”, i.e. the State Assets Supervision and Administration Commission of the local government of the CCP, which holds 300 million shares, accounting for 46.51% of the shares.

Image Source: Sina Finance

And a total of four funds under the Vanguard Group appear in the list of the top 10 mutual funds and top 10 institutional investors in XINJIANG COMMUNICA.

Image source: Barron’s

A similar shareholding structure like XINJIANG COMMUNICA also exists in other listed companies in Xinjiang, such as Xinjiang Tianfu Energy Co., Ltd (stock code: 600509).  A company mainly engages in power generation business and its business scope includes power supply, heat supply, and natural gas business.

Image source: WSJ

Also, a similar shareholding structure appears in XueFeng SCI-TECH, fully known as Xinjiang XueFeng Sci-tech (Group) Co., Ltd (stock code: 603227). The company mainly engages in the research, development, manufacture, sales of explosive materials, producing industrial explosives, industrial detonators, and cable-type electric explosive devices, etc.

Image source: Barron’s

It is believed that the above is just the tip of the iceberg, the fund management company of Vanguard Group holds shares in much more than these three listed companies in Xinjiang.

More ironically, a search of SEC public records reveals that some Xinjiang companies are even included in the Vanguard Group ESG fund (Environmental, Social, and Corporate Governance). ESG funds are a category of funds dedicated to environmental protection, social responsibility, and corporate governance, and are only available to socially and ethically conscious investors.

One of the Vanguard Group ESG Fund’s Xinjiang companies boasts in its annual report that it “maintains stability in southern Xinjiang” and works to “strengthen the ideological re-education of transferred workers” by providing “vocational training” for nearly 2,000 people in the region, which is clearly technical terms used to disguise human rights abuses by the CCP companies in Xinjiang.

According to SEC records, Vanguard Group owns more than 1 million shares of the company’s stock, and it also voted to approve the report as it came out.

On May 24, Miles Guo posted a tweet from “BBC Chinese” on Gettr:

BBC has obtained a range of files on the so-called “Xinjiang Public Security Documents,” which include thousands of photographs from the highly secretive mass incarceration system in China’s Xinjiang province, as well as documents on the authorities’ draconian policy of potentially shooting people who try to escape.

The document was allegedly obtained by hackers and shared with more than a dozen media outlets, and BBC took several months to investigate and verify the authenticity of the information.

History repeats itself! Yesterday’s holocaust and today’s Xinjiang, and the evil CCP will definitely be swept into the trashbin of history, just like the Nazis. As evidence and information about the ethnic cleansing and genocide in Xinjiang continue to be made public, the CCP has already become a running rat crossing the street.

Finally, investments made by fund giants such as Vanguard Group, State Street, and BlackRock in Xinjiang will certainly lead them to be seen as complicit in crimes against humanity committed in that region.

“Capital knows no border”, but there are boundaries that shall not be superseded. Genocide and crimes against humanity are the boundaries of capital!

Original link: https://gnews.org/post/p2595673/

Published by: Wenwu

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