Federal Retirement Savings Must Not Be Invested in Chinese Corporate Human Rights Abusers

May 19, 2022



The Uyghur Human Rights Project (UHRP) calls for close screening of federal employee retirement options, to rule out investments in companies complicit in atrocity crimes against the Uyghur people.


“I urge the Federal Retirement Thrift Investment Board to make sure that no federal matching dollars are invested in Chinese companies implementing the surveillance state in the Uyghur homeland,” said UHRP Executive Director, Omer Kanat. “These corporations are inseparable from the Chinese government’s genocidal policies.”


UHRP Board Chair Nury Turkel, who was re-appointed this month by Speaker Nancy Pelosi to the US Commission on International Religious Freedom (USCIRF), wrote that “Congress should ensure that no American is profiting from the construction of the open-air digital prison engulfing Xinjiang,” in a Foreign Affairs article co-authored last year with Beth Van Schaack, current US Ambassador-At-Large for Global Criminal Justice. “Numerous publicly traded Chinese tech companies are included in emerging-market indexes held by public pension funds, university endowments, individual retirement plans, and investment portfolios. It is time to exclude these companies from U.S. capital markets.”


UHRP Director of Global Advocacy Louisa Greve, joined by former Deputy Assistant Secretary of State Bennett Freeman, who served in the Clinton Administration, similarly called for action in a 2021 op-ed, writing, “No U.S. persons should be permitted to hold the stocks and bonds of the Chinese companies that are under U.S. human rights sanctions.”




Source: uhrp.org