FTSE Russell to remove more China stocks from indexes over U.S. ban

Global index publisher FTSE Russell said it will delete a further 20 Chinese companies from its indexes after user feedback on an updated U.S. executive order that bars U.S. investment in companies with alleged ties to China's military.

U.S. President Joe Biden signed the order on June 3 that bans U.S. entities from investing in dozens of Chinese companies with alleged ties to defence or surveillance technology sectors, replacing an earlier order under Donald Trump.

In a statement on its website, FTSE Russell said the additional Chinese companies will be deleted from its indexes on July 28.

Source: Reuters #Jul09

https://t.co/HwkXDdIFKd

#FTSE #Russell #China #US #JoeBiden

Canada Pension Plan Board heavily invested in Chinese propaganda film studios

The Canada Pension Plan Investment Board is heavily invested in Chinese propaganda film companies, account disclosures reveal.

According to Blacklock’s Reporter, the Board currently holds $7 million in Chinese Communist Party (CCP) affiliated film studio stocks. The holdings include a $4 million share in China Film Co Ltd. which is a state monopoly.

The shares are being held by the Board despite past commitments to focus on human rights when it comes to investing Canadians’ money abroad.

“We believe that strong human rights practices contribute to long term value. Engaging with companies in our portfolio on this topic is therefore an important part of our strategy,” wrote the Board.

Source: TNC #Jul09

https://t.co/y64xS6PU3r

#Canada #CCP #Propaganda #HumanRights

#PoliceState #WhiteTerror
Police Arrests 2 Hongkongers for Commemorating #LeungKinFai

Source: Stand News #Jul09

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#PoliceState #WhiteTerror
Police Arrests 2 Hongkongers for Commemorating #LeungKinFai

On the evening of July 1, 2021, Leung Kin-Fai, a Hong Kong man aged 50, stabbed himself to death after injuring a police with a knife outside the SOGO Department Store in Causeway Bay.

In the following days, many citizens went to the site to mourn the deceased. The government, however, claimed that mourning may be treated as "incitement", demanding people not to mourn.

in the midnight of July 9, 2021, the police arrested 2 civilians: a student aged 20 and a property agent aged 27, for "suspected criminal damage".

The police force claimed that one of them wrote "Martyr Leung Kin-Fai, RIP" in public space with a black marker, and the other person paid tribute with fruits and other food offerings. Both are under detention.

After raiding their residences, the police claimed to find posters, books and flags related to "Hong Kong Independence" and the anti-ELAB movement. The police said these materials might havd violated the National Security Law.

The police displayed items like flags and Fai Chun that read "Liberate Hong Kong, Revolution of Our Times", puzzles and books related to the pro-democracy movement, posters that read "Natioanl Security Law Kills Hong Kong", etc. The police force also collected mobile phones, laptops, and desktops.

Source: Stand News #Jul09

https://bit.ly/3i15oCc

#AntiELAB #Censorship #Arrest #CriminalDamage #ConstitutedIncitement #NationalSecurityLaw