The Risk Profile and U.S. Capital Markets Footprint of China Communications Construction Company (CCCC) and Its Subsidiaries

This report doc­u­ments the foot­print of pub­licly trad­ed equi­ty and debt issuances of Chi­na Com­mu­ni­ca­tions Con­struc­tion Com­pa­ny (CCCC) and cer­tain of its sub­sidiaries in the U.S. cap­i­tal mar­kets and, to a less­er extent, oth­er glob­al exchanges. It does so in the con­text of recent actions tak­en by the U.S. Depart­ments of State and Com­merce to add sub­sidiaries of the com­pa­ny to the lat­ter’s “Enti­ty List” for their involve­ment in arti­fi­cial island-build­ing in the South Chi­na Sea.

This report also address­es the var­i­ous mate­r­i­al risk fac­tors and rep­u­ta­tion­al con­cerns at play with respect to CCC­C’s cor­po­rate fam­i­ly tree in the cat­e­gories of nation­al secu­ri­ty, also doc­u­ment­ed in RWR’s CCCC Risk Track­er. These include cor­rup­tion, non-trans­paren­cy and envi­ron­men­tal con­cerns.

Final­ly, the report offers illus­tra­tions of promi­nent finan­cial insti­tu­tions deal­ing in the secu­ri­ties of the com­pa­ny as well as promi­nent insti­tu­tion­al investors hold­ing them in port­fo­lio.