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.”