Discover and read the best of Twitter Threads about #ChinaHustle
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A 400-yr old, $118 billion Dutch Pension fund has BLACKLISTED CHINA 🇨🇳 and Chinese investments due to China’s failing results on the pension fund’s new screening tool for ESG investing and corruption. The tool includes a NATIONAL CORRUPTION SCORE that will exclude sovereign 1/3
bonds and state entities that fail the test (China failed). It’s shocking to me that it’s taken Putin’s invasion and war crimes for the world’s pension and endowment crowd to ‘develop’ risk-based tests for investing in despotic autocracies. I guess losing everything in 2/3
‘cheap’ Russian companies taught them a multi-billion dollar lesson. Just think about how much of the West’s pension and endowment assets are already trapped in China. Hundreds of billions. #China #ChinaHustle #Blacklisted #Russia @BlackRock @blackstone @RayDalio #bridgewater
