Washington Post: RWR CEO Roger Robinson Comments on CCCC’s Extensive Footprint in the U.S. Capital Markets

On August 27, Josh Rogin of the Washington Post reported on the addition of various subsidiaries of China Communications Construction Company (CCCC) to the Entity List under the auspices of the U.S. Department of Commerce. The designation pointed to the involvement of these companies in China’s artificial island-building in the South China Sea. Per the U.S. Department of State, “CCCC and its subsidiaries have [also] engaged in corruption, predatory financing, environmental destruction, and other abuses across the world.” In his piece, Mr. Rogin noted the significant footprint of these firms in the U.S. capital markets. With regard to these circumstances, RWR CEO Roger W. Robinson, Jr. stated that “Scores of millions of average American investors are unwittingly helping fund CCCC and other Chinese state-owned giants through their stock and bond index funds, pension funds and other investment vehicles that Wall Street fund managers and others are mainlining into their investment portfolios.”