{"id":233,"date":"2005-08-26T18:07:48","date_gmt":"2005-08-26T10:07:48","guid":{"rendered":"http:\/\/www.chinacsr.com\/2005\/08\/26\/bank-investment-linked-to-forced-chinese-labor\/"},"modified":"2005-08-26T18:07:48","modified_gmt":"2005-08-26T10:07:48","slug":"bank-investment-linked-to-forced-chinese-labor","status":"publish","type":"post","link":"https:\/\/www.chinacsr.com\/en\/2005\/08\/26\/233-bank-investment-linked-to-forced-chinese-labor\/","title":{"rendered":"Bank Investment Linked To Forced Chinese Labor"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.chinacsr.com\/images\/20050826-prison.gif\" width=\"110\" height=\"66\" align=\"right\">On August 17, 2005, the South China Morning Post, Hong-Kong's English-language newspaper, printed an  article alleging that mainland China wig manufacturer Henan Rebecca Hair Products employs the forced labor of prisoners in Xuchang. The company's half-year financial statement reveals that Deutsche Bank, HSBC, ING, Merrill Lynch, Morgan Stanley, and UBS are amongst its top ten investors.<br \/>\n<!--more--><br \/>\n<a href=\"http:\/\/www.socialfunds.com\/news\/article.cgi\/1788.html\">SocialFunds reports<\/a> that the banks access the Chinese market through the Qualified Foreign Institutional Investor (QFII) mechanism and are likely functioning not as direct investors but as intermediaries buying shares for clients, according to article writer Jamil Anderlini.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 17, 2005, the South China Morning Post, Hong-Kong's English-language newspaper, printed an article alleging that mainland China wig manufacturer Henan Rebecca Hair Products employs the forced labor of prisoners in Xuchang. The company's half-year financial statement reveals that Deutsche Bank, HSBC, ING, Merrill Lynch, Morgan Stanley, and UBS are amongst its top ten [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-233","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank Investment Linked To Forced Chinese Labor - ChinaCSR.com - Corporate Social Responsibility (CSR), Business Intelligence, and Sustainability News for China<\/title>\n<meta name=\"description\" content=\"On August 17, 2005, the South China Morning Post, Hong-Kong&#039;s English-language newspaper, printed an article alleging that mainland China wig manufacturer\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.chinacsr.com\/en\/2005\/08\/26\/233-bank-investment-linked-to-forced-chinese-labor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank Investment Linked To Forced Chinese Labor - 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