WASHINGTON — Ahead of the Beijing 2022 Closing Ceremony, a diverse coalition of human rights groups and bipartisan organizations representing U.S. industry and workers issued a joint statement condemning America’s largest corporations for sponsoring the Beijing 2022 Winter Olympic Games in China. Despite international calls from human rights advocates, governments of democratic nations, and ample…
The Olympics are showing why we need capital market sanctions against China’s human rights abusers. Americans can’t buy Anta Sports gear if made from Xinjiang cotton. So why can Wall Street buy Anta’s shares?
CPA joined the following coalition letter requesting that the America COMPETES Act of 2022, the House China competition bill, include Section 3407 of the Senate’s U.S. Innovation and Competition Act (USICA) (S. 1260). This section requires an annual report regarding the material risks posed to the United States by the presence of companies incorporated in…
The U.S. China Economic and Security Review Commission hear from panelists last week in a hearing to discuss the 20th Party Congress, Xi’s inner circle, and a strong belief in Beijing that Western capital and business won’t abandon China.
WASHINGTON — The Coalition for a Prosperous America (CPA) today urged House Speaker Nancy Pelosi (D-CA) to include Section 3407 in the Senate-passed U.S. Innovation and Competition Act (USICA) (S. 1260) in any bill the House passes to address competition with China. This provision would require an annual report for five years that describes the…
CPA sent the following letter to House Speaker Nancy Pelosi (D-CA) to include a provision in the Senate-passed U.S. Innovation and Competition Act (USICA) (S. 1260) in any bill the House passes to address competition with China. The provision, Section 3407 — Annual Review on the Presence of Chinese Companies in United States Capital Markets…
WASHINGTON — The Coalition for a Prosperous (CPA) urged Treasury Secretary Janet L. Yellen to take action to protect U.S. retail investors and pensioners from risky, dangerous Chinese A-share companies that are available via certain investment products like Exchange Traded Funds (ETFs) and other index funds. In December 2020, Congress passed the Holding Foreign Companies…
CPA sent the following letter to Secretary of the Treasury Janet L. Yellen urging her to take action to protect American investors from risky and dangerous investments in Chinese A-share companies. Dear Secretary Yellen, We write to draw attention to the troubling continuation of U.S. investment in problematic – and often officially sanctioned – Chinese…
WASHINGTON — The Coalition for a Prosperous America (CPA) urged U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler to prohibit inclusion of certain Chinese companies in indices, Exchange-Traded Funds (ETFs), and other index funds provided by American index providers and asset managers. In the letter to Chairman Gensler, CPA outlined how four of the…
Biden added more Chinese companies to its blacklist. Why is BlackRock, Vanguard, State Street and others still allowed to invest in some of them?
