Hangzhou Hikvision Digital Technology Co. Ltd. is a major manufacturer of camera equipment that combines video surveillance with advanced computer technologies such as facial and gait recognitionCanada’s largest public pension manager has begun a new scrutiny of its investments, including its ownership stake in Chinese companies, as human-rights groups and U.S.
All of this occurs as frictions between Canada and China have increased in recent months after the arrest of Chinese executive Meng Wanzhou in Vancouver, at the request of U.S. authorities, with China ostensibly retaliating by arresting two Canadians and blocking agricultural imports. “Funds have to look into whether their investments are contributing to human-rights abuses,” said Maya Wang, the senior China researcher with the group and lead author of the report. “Surveillance companies like Hikvision are intertwined with the public-security apparatus in China, and there is understandably a lot of concern over their involvement not just in Xinjiang but in enabling authoritarian governments to commit human-rights abuses outside of China as well.
The CPPIB, which has actively pursued additional investment in China, owns $46-million in shares in Hikvision and $2-million worth of Dahua, according to a statement on foreign publicly traded equity holdings dated March 31. One year later, BCI, which oversees $145.6-billion worth of assets, had raised its holdings in Hikvision to $37.9-million and committed a new investment of $4.2-million in Dahua.
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