The new deputy head of a propaganda and espionage agency in the People’s Republic of China (PRC) has documented ties with business tycoons, university heads and other elite members of American society.
U.S. Senator Marco Rubio sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler and Commissioner Allison Herren Lee regarding the impact of the SEC’s agenda on so-called environmental, social, and governance (ESG) metrics, and whether those same standards would apply to companies based or operating in the People’s Republic of China (PRC).
I write to comment on the U.S. Securities and Exchange Commission (the Commission)’s expected rulemakings and guidance with respect to the disclosure of information related to so called environmental, social, and governance (ESG) metrics by issuers with significant business activities in the People’s Republic of China (PRC), China-based issuers, and investment funds with significant investments in the PRC.
