Exclusive: Wilbur Ross served on the board of a Chinese joint venture until 2019. In other words, while helping run the Trade War, the Commerce Secretary was partnered with a Chinese state-owned enterprise. Thread on this massive conflict of interest.

 

First, some background. That joint venture, now called Huaneng Invesco WLR (Beijing) Investment Fund Management Co., is an investment partnership formed in September 2008 between Huaneng Capital Services, the U.S. management company Invesco, and a firm Ross founded, WL Ross & Co.

— Isaac Stone Fish (@isaacstonefish) October 29, 2020

What does this mean? Well, consider that in March 2017, his JV entered into a relationship with Taikang Assets Management Co., a subsidiary of the major Chinese insurance firm Taikang, to raise 5 billion RMB ($745 million) to invest in renewable energy projects.

— Isaac Stone Fish (@isaacstonefish) October 29, 2020

But this raises serious questions about Ross's ability to act in the interest of the Commerce Department, over his personal interests.
Ross has long been criticized for his ethical violations. This entanglement with China is one of his worst. (end) https://t.co/Dbza7INy4Q

— Isaac Stone Fish (@isaacstonefish) October 29, 2020