More On: Fauci. Biden
Dr. Anthony Fauci is once again at the center of a debate. This time, the dispute isn't about Coronavirus, but rather over his financial participation in Chinese technology funds.
Fauci made a bet on China's "national champions" in business
According to previously released financial documents, Fauci invested in Chinese "national champions" in a 2020 investment portfolio, which refers to significant Chinese enterprises that serve Beijing's objectives and are benefactors of State programs.
Sen. Roger Marshall got the information and made it public. According to the data, Fauci, who is the highest-paid employee in the US federal government, had a staggering $10.4 million in assets at the end of 2020, including ownership in multiple funds. The Matthews Pacific Tiger Fund was one such fund in which Fauci had invested.
The Matthews Pacific Tiger fund, for example, invested 42.7 percent of its customers' money in firms situated in Hong Kong or mainland China. Tencent Holdings, Alibaba Group Holdings, Hong Kong Exchange and Clearing Ltd., and WuXi Biologics Cayman were among the businesses listed.
CCP has a tight relationship with businesses
The CCP relationship is the one common characteristic that binds all of the firms listed thus far. Tencent, for example, controls WeChat, an app that the Trump administration feared would be banned due to national security concerns.
Tencent is notorious for complying with CCP censors and for monitoring and censoring WeChat users in the United States.Similarly, China's Ministry of Science and Technology named Alibaba as one of numerous Chinese companies to the communist regime's "national squad" for artificial intelligence progress in 2017.
Both of these firms have been warned against by American officials.
Tencent or Alibaba are more well-known than WuXi Biologics Cayman. However, a Hong Kong-listed biopharmaceutical company is also close to the CCP. WuXi Biologics Cayman inked a contract with the city administration in China's Wuxi and forged a "Party-building partnership," according to a 2021 article published by NetEase, a Chinese news portal.
Fauci is chastised by Marshall
Following a request from Marshall, Fauci, President Biden's Chief Medical Adviser and Director of the National Institute of Allergy and Infectious Diseases (NIAID), provided his documents to the senator.
Marshall slammed the top US official after the records were made public on January 14.
"Just as he deceived the American people about sending taxpayer dollars to Wuhan, China, to fund gain-of-function research, about masks, testing, and more, Dr. Fauci was completely dishonest about his financial disclosures being open to the public—no it's wonder he is America's least trusted bureaucrat," the Senator said.
For the US, Fauci is a devil doctor, but for Chinese tech titans, he is an angel investor
The most recent disclosures reaffirm Fauci's ties to China.
Fauci is well-known for his close ties to China. Last year, hacked emails revealed how, at the onset of the COVID-19 epidemic, Anthony Fauci got a terrifying letter from a Bill Gates adviser and offered his assistance to a Chinese health official. Hundreds of pages of Fauci's email were made public under the Freedom of Information Act.
Early in the epidemic, Dr. Anthony Fauci spoke with a Chinese health official, admitting the "mad people in this planet" and pledging to "get through this together," according to a new study.
He is also accused of lying about Coronavirus being generated in a lab while knowing that some sections of the virus seemed to be developed. This is why Americans are so skeptical of Dr. Fauci, yet new disclosures reveal that he is a Chinese tech angel investor.