A new report reveals that multiple global largest management funds managers, including state pension funds, are investing in companies that have allegedly been involved in the repression of Uyghur Muslims in Xinjiang, China.

According to the Guardian, the report is compiled by the UK-based group Hong Kong Watch and the Helena Kennedy Centre for International Justice at Sheffield Hallam University. 

The report found that three major MSCI stock indexes have at least 13 firms that have been accused of using forced labor or being involved in supporting the surveillance state in the Xinjiang region.

The Chinese regime has long been accused of detaining over 1 million Uyghurs, ethnic groups, and other religious minorities in “re-education” camps. 

The U.S. government, several politicians, and organizers in Western countries stated that the communist regime’s crimes in Xinjiang are tantamount to acts of genocide.

Johnny Patterson, an author of the report and co-founder of Hong Kong Watch, said, “If the average Briton or American realized that hundreds of millions of pounds or billions of pounds were being invested in Chinese technology firms with close ties to the state, they would be outraged.” 

The report shows a list of major asset management funds that have exposure to passive investments in companies allegedly engaged in human rights violations in the Xinjiang region. The list includes big names such as BlackRock, Deutsche Bank, and HSBC, among others.

Laura Murphy, one of the report’s authors and professor of human rights and contemporary slavery at Sheffield Hallam University, said, “Investing in companies operating in the Uyghur region is a serious ethical risk, but it’s also a financial risk, since these companies have been targeted by government sanctions and international advocacy campaigns.”

A recent United Nations report has indicated that the Chinese regime’s repressive human rights practices in Xinjiang may constitute crimes against humanity.

Earlier this year, citing human rights violations in Xinjiang, Norway’s sovereign wealth fund dumped the Chinese sportswear brand Li Ning from its portfolio.

A new report by the Uyghur Human Rights Project has found that China combines financial, educational, and occupational incentives with coercive measures such as intimidation of families to gain compliance with state policy. 

According to a San Francisco-based cybersecurity firm Lookout, cybersecurity experts say they have found evidence that the Chinese communist regime uses spyware to collect the locations and data on Uyghurs.

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