Boot Chinese Stocks From ESG Funds, Former State Department Official Says
A former undersecretary of state for economic affairs and CEO of DocuSign, Keith Krach, is on a mission to divest Chinese stocks from funds restricted to companies that meet environmental, social, and governance goals.
In recent years, such ESG funds have become flooded with capital as investment funds, endowments, and others have been pressured to focus on the societal impact of their investments in addition to getting financial returns for their investors.
According to Mr. Krach, when they started 15 years ago, ESG funds represented about $17 billion in funds; today they represent about $40 trillion.
Letter From Under Secretary Keith Krach to the Governing Boards of American Universities
Studies have shown that the majority of the U.S. university endowment fund portfolios own PRC stocks listed on American exchanges either directly or indirectly through emerging markets index funds.
Communist Chinese Military Companies Listed Under E.O. 13959 Have More Than 1,100 Subsidiaries
Citizens around the world are waking up to the truth about the CCP’s three-prong strategy of concealment, co-option, and coercion. The CCP’s concealment of the virus resulted in the pandemic, its co-option of Hong Kong has eviscerated the freedoms of its citizens, and its relentless coercion of the Uyghur people has continued in the brutal internment camps of Xinjiang.