Australian Wealth Fund Invests Taxpayer Money into Chinese Companies Linked to Human Rights Abuse

Australia’s sovereign wealth fund is using billions of taxpayer dollars to fund at least 50 high-risk Chinese companies that pose serious human rights and national security threats. Future Fund, which aims to “invest for the benefit of future generations of Australians,” was exposed for having stakes in 22 companies linked with the Chinese Communist Party (CCP) and 14 companies linked to the oppression of Uyghurs in Xinjiang. The $243 billion (US$164 billion) fund also invested in 14 companies that had investments in countries that are being sanctioned, including Russia, Iran and North Korea. A further six companies were identified as raising ethical or governance-related concerns....