Major US funds run by financial giants such as Fidelity and Goldman Sachs have sold their equity stakes in Hikvision and Dahua "as scrutiny mounts in Washington over how western capital markets are being used to fund the mass detention of millions of Muslim Uighurs in China", reports The Financial Times.
As first reported by IPVM, the two companies have won at least $1.2 billion in massive surveillance deals in Xinjiang since 2016. Hikvision, in particular, has won contracts which supply cameras to at least two of Xinjiang's notorious re-education camps and almost 1,000 mosques in a single county.
In this note, we examine the FT's report and any possible repercussions, including:
- List of Funds
- Reason for Divestment
- Funds Response
- Hikvision/Dahua Effects