China private investment firms face growing U.S. scrutiny, analysts say (Mcconnell In-Law)

Nikkei Asia ^ | 2/9/2024 | echo wong

[RummyChick]

HONG KONG -- The Pentagon's addition of a Beijing-headquartered private equity and venture capital firm to a list of companies with alleged close ties to China's military underscores growing sanctions risks for the industry and is likely to result in pressure for more investment self-scrutiny, analysts say

In an updated Department of Defense (DOD) list of entities identified as "Chinese military companies" operating in the U.S., IDG Capital Partners is among 17 newly added names. They are seen as helping to support the "modernization goals" of the Chinese military by "ensuring it can acquire advanced technologies and expertise" developed by Chinese companies, universities and research programs "that appear to be civilian entities," the Pentagon said on Jan. 31.

The list previously comprised only technology companies and manufacturers. IDG Capital Partners is the first private equity and venture capital specialist to appear on it, which by itself does not mean being directly sanctioned by the DOD.

"This is the first case that a major Chinese-headquartered investment firm is being added to a sanctions list by the U.S. government," said Wilson Zhao, a Hong Kong-based associate focusing on sanctions and export control at law firm Steptoe.

"With IDG's designation, investment firms, especially those headquartered in China, now need to worry not only about [their] portfolio companies being sanctioned, but also [whether] they could be sanctioned as a result of investing in or co-investing with certain companies," Zhao said.

[RummyChick]

people on twitter saying ranch owned by LLC but it is Angela and her husband that own it. they have been buying up a bunch of properties

Monica1776
@ATX1776
·
👍🏼 they have several parcels owned by different LLC’s but most based out of Chicago. They’ve been buying up neighboring properties the last few years
@Jkylebass

[RummyChick]

where there’s a WiLL There’s a WaVe
@WhereWave
·

“VeryVERY curious

Circumstances at the scene (as described) call for Equivicol Death Investigation; when not clear if COD was suicide/homocide/accident/natural causes

In such cases, the family* has no say in the Medical Examiner’s investigation

* logical subjects if homicide”

[ifinnegan]

That is what I had always thought.

It’s their ranch. Her and her Chicom-partnering husband.