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Xi’s ESG Boom Funnels Billions Into Coal, Liquor, Defense Stocks

Bloomberg

In a 40-minute livestream in June, fund manager Hou Chunyan made her pitch directly to China’s growing population of retail investors: ESG investing is uniquely compatible with Beijing’s growing push for carbon neutrality and “common prosperity.”

To that end, her portfolio — the Da Cheng ESG Responsibility Investment Mixed Fund — doesn’t rule out coal companies or liquor stocks. Chemical manufacturers are fair game, according to China’s main ESG benchmark, the CSI 300 ESG Leaders Index. So are solar energy and technology firms with alleged ties to forced labor in the Xinjiang region.

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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.