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.