Welcome back. President Trump signed an executive memorandum that limits China’s access to US markets as part of his America First investment policy. This policy orders the Committee on Foreign Investment in the United States to block Chinese investments in sensitive sectors such as technology. Energy and the Committee on Foreign Investment in the United States to block Chinese investments in sensitive sectors such as technology, This policy orders the Committee on Foreign Investment in the United States to block Chinese investments in sensitive sectors such as technology, energy, and defense. on foreign investment in the United States to block Chinese investments in sensitive sectors such as technology. This policy orders the Committee on Foreign Investment in the United States to block Chinese investments in sensitive sectors such as technology, energy, and defense. It also looks into new auditing standards while pushing Mexico to impose its own tariffs on Chinese imports, and it aims to limit investment from US pension and endowment funds into Chinese companies. Join now.
The former senior director of international economic affairs at the Reagan National Security Council, Roger Robinson Jr., is back with us. Roger, great to see you. Great to see you and you were very happy about President Trump’s America First investment policy. certainly was… I mean, the word of the hour in this country is clarity,” and the president certainly brought clarity to how he feels about us investors velour capital markets and private equity funds funneling money into Chinese military industrial companies. mean he couldn’t.
have been starker and clearer I just have a quick one ore or two from the document. Yes’s, go ahead. It says the United States will use all necessary legal instruments to further deter United States persons from investing in the PRC’s military-industrial complex. He goes on, The United States will establish new rules to stop United States companies and investors from investing industries that advance the PRC’s national military-civil fusion strategy. well I was so happy to see this as well because you and I have been.
We have been talking about this for ‘years,’ and now it’s happenin
talking about this for years Literally, worked together on the underwriting Fox Nation and this is something that we continually point out—that so many companies that are trading on our exchanges, US exchanges,, are Chinese companies that don’t even follow the same audit rules that regular companies American companies do and they’re tied to the PRC. Oh, what do we have happening?? Ordinary investors funding the expansion of America’s number one adversary?? Well,, that’s certainly the case..
You know, over the past 25 years, we’ve seen some 5,000 Chinese companies enter our capital markets. No screening, no diligence. No regulatory oversight and even an interest in whether they’re being sanctioned by the United States simultaneously. All manner of corporate bad actors, including the sanction variety as you often pointed out, are in this. We’re talking about companies that have been implicated in for example equipping concentration camps, trafficking enslavedlabor aiding and abetting genocide in China. Uh, the architects of the.
surveillance state but the president was really focused on something even more dangerous and insidious, which is our company, those Chinese companies that are directly involved in the manufacturing of advanced weapon systems for for China for example, the hypersonic glide vehicle, the last two aircraft carriers, the fifth-generation fighter aircraft, and modernized ICBMs targeting American families ,not just military installations. Well, I mean, I think that President Trump is clear about Chinas the number one adversary of America but you.
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Know he knows he’s got to get along with China; it’s the second largest economy so that’s why I think he says things. Xi Jining’s my friend. get along with Xi Jinn pignut the same time that he’s slapping tariffs on China. Well, thank goodness that, uh, there isn’t, in a sense, in the best sense of the term, going on here. I think the president is a serious uh diplomatic fellow and he knows how to keep these guys on side to the extent that he can, but when it comes to the vital interest.
of the United States. He’s there for square and one of the most difficult has been the matter of the capital markets and private investor funds. I mean, these have flowed in the trillions of dollars over these 25 years yeah, and you can just imagine we wake up in the morning, militarily. Here’s your answer: Some of those very good, well, tabs being picked up largely by scores of millions of unwitting American retail investors by way of those companies that you’re.
referring to were part of the e-spy balloon, right?? I mean their propaganda, their surveillance, and tactics from the CCP, but when you’re talking specifically about public companies ,Wall Street wants that money. Chinese battery company CATL supplies7% of the global battery market. It’s going to go public; it’s looking to raise $7.
7 billion in Hong Kong. The company is linked to the Chinese military ;obviously, the US entity blacklist. Roger,, you say JP Morgan Bank of America Goldman Sachs, and Morgan Stanley are all still lining up behind this company despite a presidential directive against blacklisted Chinese companies and we’re still this IPO, which is a secondary listing out of Hong Kong and we just heard from Sebastian Li very eloquently this morning about the fact that Hong Kong has become just another.
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Chinese City’s gripped in repression so what’s going on there in terms of a legitimate ,credible financial hub?? What a name it is!! But. 7 billion could easily go up two or three times because of the appetite. You know, in 2023, there were 66 IPOs out of Hong Kong, with a price tag of or value of 5.
5 billion so that you can see in perspective the size of this thing. P Morgan and B OFA are the lead managers or some say co-sponsors. Its a little unclear what second-less Goldman and Morgan Stanley are playing but here we have ,as you pointed out a company that’s on not one Black List ,namely the Pentagon list but two the Commerce Department list and folks should be required to read the June 5th 2024 letter sent by then-Senator Marco Rubio along with John Mullen, AR who chairs the Senate I mean, the House Select.
committee on China,, they sent a letter to Homeland Security that is exhaustively documented that pleaded for that company to be added to the Uyghur Forked Labor Prevention Act entity list as well so if he had had it his way,, that is our current Secretary of State,, we’d be on three black lists now and yet even despite the president’s directive,, you see, ain we’re seeing this dance by, know,, uncontested.. I think you make such a great point.. I mean,, what’s the point of a black list and putting these.
companies on the blacklist if, in fact, they’re going to just blow off the blacklist and still be able to raise billions of dollars and go public and have investors expanding the reach of the CCP. You’ve also identified 40 publicly traded Chinese companies in the United States with strategic links to Iran, attracting at least 6 and 4 billion dollars to date. So. You’ve also identified 40 publicly traded Chinese companies in the United States with strategic links to Iran, attracting at least 6 and 4 billion dollars to date. So you’ve.
Interview with Maria Bartiromo of FOX Business Network
and what we found in that research effort was again 40 publicly traded of China’s largest companies in the military energy communication and surveillance and infrastructure sectors that are keeping Iran a going concern and yet we found catch this every one of those 40 are somewhere in the portfolios of American retail investors do you know that companies like Vanguard had 38 of the 40 one year ago I can can’t speak to it more recently State Street was you know similar 32 I think well you’re talking about those companies are in.
exchange-traded funds Yes,, indeed those index funds that you have to watch,, as they say,, because that’s where these companies are secreted.. This is very important information,, Roger so I I appreciate you bringing this to us because,, uh,, this is a series that we’re going to continue,, uh,, investigating,, uh,, in the underwriting the enemy series and we want to keep a spotlight on this.
