Pelosi’s anti-China family makes money from China
According to a comprehensive report from Hong Kong’s Wen Wei Po, the Speaker of the US House of Representatives, Nancy Pelosi, as the number one anti-China politician in the US, has taken a tough stance towards China for many years. But behind the scenes, Pelosi and her family have invested in a number of companies with close ties to China, indirectly relying on their investment in China to earn huge profits. The American media revealed in the early years that Pelosi’s husband Paul is an investment partner of “Matthews International Capital Management”, which focuses on investing in Asian companies, including Chinese companies, with an investment of between 5 million and 25 million US dollars (about 39.24 million to 196 million US dollars). Hong Kong dollars). Public information also shows that Pelosi has held a mutual fund worth US$50,000 (about HK$392,000) in this company until recent years.
According to US media reports, Pelosi and Paul’s relationship with the Matthews company stemmed from San Francisco-based investment banker Hambrizzi. Since 2007, Hambrizzi has been invited by Pelosi many times to meet with top Democrats as an “economic policy adviser”. Hambrecht’s investment bank, WR Hambrecht+ Co., holds part of Matthews’ shares. In 2010 alone, Paul earned about 100,000 to 1 million US dollars (about 785,000 to 7.85 million Hong Kong dollars) through his investment in Matthews.
Deeply communicated with the investment bank sponsor to help Paul Jr.
The report also pointed out that Hambrizzi and the Pelosi family have been friends for many years, and the relationship between the two sides is inextricably linked. Paul had invested in at least six companies invested by Hambrecht’s investment bank more than a decade ago, and he also opened trading accounts at his investment bank worth US$500,000 to US$1 million (approximately HK$3.925 million to HK$7.85 million). Pelosi’s son Paul Jr. also worked at Hambrizzi’s investment bank from July 2009 to September 2011. As for Hambrizzi, who is also the donor of the Democratic Party, as of 2011, he has provided the Democratic Party with more than 2 million US dollars (about 15.7 million Hong Kong dollars) in political donations.
Has pushed a bill to help her husband invest in an apparent conflict of interest
Not only did the Pelosi family have close ties with Hambrizzi, Pelosi even pushed a bill to favor an investment that her husband cooperated with Hambrizzi. There was an apparent conflict of interest, but Pelosi never disclosed the relationship between them. The House of Representatives also has no relevant code of conduct to regulate.
The American media also mentioned that the two companies that Paul has invested in in recent years, Global Technology Industry Group (GTII) and International Media Acquisition Corporation (IMAQU), both involve China-related businesses. Take IMAQU as an example. This is a “special purpose acquisition company” (SPAC) that specializes in acquiring overseas businesses. Paul Jr. serves on the company’s board of directors and also works with Hollywood tycoon and former Warner Bros. Pictures creative development president Sivir Mann. , conducted an initial public offering (IPO) worth US$200 million (about HK$1.57 billion) for IMAQU in April last year. As for GTII, Paul Jr. cooperated with Austin, a well-known American missionary and writer, to purchase about 27,500 shares through over-the-counter trading (that is, trading at the counter of a securities firm in the form of bargaining).
Family investment hits the bottom
Matthews International Capital Management
Matthews International Capital Management
Founded: 1991
Headquarters address: San Francisco Bay Area, USA
Business introduction: Matthews is an asset management company specializing in investing in Asia, and its investment scope includes mainland China, Hong Kong, Japan and South Korea. The company adopts a “bottom-up” value investment method to achieve capital appreciation through long-term investment. Its clients include individual and institutional investors. Matthews has huge assets under management, which amounted to US$17.4 billion (about HK$136.59 billion) as of the end of June this year.
According to the official website, the company believes that Asia’s economic growth rate will exceed that of the rest of the world and become the main driving force of the global economy. The company also emphasized that its investment direction is expanding to emerging markets in Asia in recent years.
Global Technology Industry Group
Global Tech Industries Group (GTII)
Founded: 1980
Headquarters address: New York, USA
Business introduction: The global technology industry group is mainly engaged in corporate acquisition business, providing the acquisition target with a publicly listed “protection umbrella” that meets the audit standards of the US Securities Regulatory Commission. GTII’s subsidiaries are engaged in a variety of businesses, including intellectual property, professional systems, and trade secrets involving emerging fields such as bioscience, green technology, and global health technology. According to the official website, GTII has operations in mainland China and Hong Kong.
International Media Acquisition Corporation
International Media Acquisition Corp. (IMAQU)
Founded: 2021
Headquarters address: New Jersey, USA
Business Profile: IMAQU is a Special Purpose Acquisition Company (SPAC) focusing on the media and entertainment industries in Asia, North America and Europe. IMAQU intends to focus on animation, music, film, streaming media, video games, e-sports, visual effects equipment and virtual reality (VR) business companies through asset acquisition, share exchange and asset restructuring, and integrate the corresponding companies.
Pelosi anti-China case book
March 1990
Pelosi set up a “China Working Group” in the U.S. House of Representatives, began to attack the “weak China policy” of then-President Bush, and initiated Congress to oppose Bush’s extension of China’s most-favored-nation treatment.
July 1991
The House of Representatives passed Pelosi’s proposal to conditionally extend the most-favored-nation treatment for U.S. trade with China, making the so-called resolution of China’s human rights issues a condition for extending the most-favored-nation treatment. Every year since then, Pelosi has proposed or voted to oppose the proposal to extend the most-favored-nation treatment of the United States in trade with China or the proposal to attach conditions such as human rights, arms proliferation, Tibet, etc. The bizarre reason given is that “China is causing weapons of mass destruction and The proliferation of chemical and biological weapons”. In addition, on the exchange rate issue, China’s accession to the WTO negotiations, and human rights issues, as long as it is an issue involving China, you can see Pelosi’s figure and hear Pelosi’s smearing of China’s voice.
February 2001
Pelosi, together with a group of anti-China lawmakers, opposed Beijing’s bid to host the 2008 Olympics, claiming that “China’s human rights situation has continued to deteriorate in the eight years since the last Olympic bid.” The International Olympic Committee has authorized the Chinese government to host the 2008 Olympic Games, and it must ensure that the Chinese government keeps its promises, allows the news media full freedom to report current events in China, and allows people to have freedom of movement at home. The IOC and It is the responsibility of the sponsors of the Olympics to demand that the Chinese government respect these fundamental freedoms during the Games and in the years leading up to 2008.”
March 2008
After the “March 14” violence in Lhasa in 2008, Pelosi openly met the Dalai Lama in India to show “solidarity”. When visiting Tibetan temples, the two have been holding hands, deliberately showing that the relationship between the two is extraordinary. Pelosi declared that if the international community does not press China on the Tibet issue, it will lose the “moral authority” to speak on human rights issues. Pelosi later pushed through the House of Representatives an anti-China resolution on Tibet-related issues and called on Bush to boycott the opening ceremony of the Beijing Olympics.
April 2008
During the relay of the Olympic torch in Beijing, Pelosi repeatedly made remarks that contradicted right and wrong, and claimed that it was a “mistake” by the International Olympic Committee to grant China the right to host the 2008 Summer Olympics, and used politically inflammatory language to say that she “supports” the individual and groups have “expressed their views publicly” on the actions of the Chinese government during the Olympic torch relay to San Francisco. On April 14, a reporter from Xinhua pointed out in a commentary that Pelosi has repeatedly interfered in China’s internal affairs, constantly hurt the feelings of the Chinese people, and damaged Sino-US relations. “From meeting the Dalai Lama in India to calling on President Bush to refuse to attend the opening ceremony of the Beijing Olympics, From making irresponsible remarks on the Olympic torch relay to pushing an anti-China resolution on Tibet-related issues in the U.S. House of Representatives, Pelosi has been relentlessly interfering in China’s internal affairs with double standards.”
2019
Pelosi met successively with Jimmy Lai, Huang Zhifeng, Li Zhuoren, Wu Aiyi, Tu Jinshen, Luo Guancong and others who were visiting the United States, openly shielding and supporting anti-China rioters in Hong Kong, and providing them with a platform for spreading “Hong Kong independence” advocates.
June 2019
Pelosi ignored the extreme atrocities of the anti-China rioters in Hong Kong, claiming that “two million people took to the streets to oppose the revision of the Fugitive Offenders Ordinance. Isn’t that a beautiful sight?”, blatantly condoning and encouraging anti-China rioters to take illegal actions Violent means to confront the central government and the SAR government.
April 2021
For organizing and participating in an unauthorized assembly, Li Zhiying was sentenced to 14 months in prison according to law, while Li Zhuming was sentenced to 11 months in prison, suspended for 2 years. Pelosi immediately issued a document, falsely claiming that the arrest of Lee Zhuming and other anti-China rioters in Hong Kong was “another sign of Beijing’s attack on the rule of law” and “felt sad and disturbed.”
Newsessentials Blog 
Posted on August 3, 2022
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