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Human rights groups have accused China-based tech company of $ 1 billion (729 It has revealed that it has invested more than US $ 10,000 in Australian retirement savings.
Hong Kong Watch (HKW) is against Australian Super and state-owned Commonwealth Superannuation report It turns out that a total of $ 1.95 trillion (US $ 800 million) has been invested in major Chinese companies Alibaba and Tencent.
Alibaba is said to have Providing ethnic recognition software to customers Uighurs can be identified.
HKW also expressed concern about Alibaba’s Social Credit application, Sesame Credit. This “may be absorbed by the dystopian social credit system of the Chinese state.”
The report further said that Tencent’s WeChat, China’s most important multipurpose social media and payment app, was accused by Human Rights Watch of censorship and surveillance under the direction of CCP.
In 2020, Australian Super also invested $ 3.2 million in Hikvision, China’s state-owned video surveillance maker, which previously sold Uighur-identified AI cameras. Remove it from their website..
Dennis Quoc, a Hong Kong legislator who focused on human rights issues in Asia at the 2012-2020 legislative council, said Western countries are obliged not to support government involvement in human rights violations. Stated.
“Companies should not play a collusion, especially if they are the main beneficiaries of open society and the rule of law, as authoritarian governments around the world crack down on democracy and freedom,” Quoc said. Told.
This report highlights new global trends in environmental, social and governance considerations, and companies assess the social and ecological impact of their investments as well as their return on investment.
However, the report said it did not have the same concerns, especially when dealing with human rights abuses in China, given the CCP’s persecution of Falun Gong practitioners, Uighurs and Tibetans, and the attack on Hong Kong’s democratic freedom. Stated.
this is, Financial Times Global holdings of Chinese equities and bonds are estimated to surge by approximately 40% in 2021 to over US $ 800 billion.
Hong Kong Watch policy director Johnny Patterson said that while many investors have chosen to inject billions of dollars into countries such as China to pursue profits, many citizens and governments Members said they were completely unaware.
“Between the general public, financial professionals who know that huge amounts of institutional investment, pensions and government funds are being invested in China, and the general public, the media and policy makers with serious ethics. There is a clear knowledge gap, and a practical reservation for what appears to be a reckless and problematic course of action, “Patterson said.
“This information gap provides a cover for financial institutions to pursue profits without considering the social impact of relationships with companies that are closely linked to malicious infringement in Hong Kong and Xinjiang Uygur Autonomous Region. Did.”
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